Solomon Schechter Day School of Nassau County

Analysis

Solomon Schechter Day School of Nassau County is a registered charity in United States, based in Williston PK, NY. It received its IRS tax-exemption ruling in March 1972, 54 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Solomon Schechter Day School of Nassau County reported income of $11.1m and spending of $10.7m, spending 96% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $8.7m to $11.1m (+28%), an average of +6.4% a year. The sharpest change came in the year to July 2022, when income rose by 25%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Solomon Schechter Day School of Nassau County sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Wisconsin Library Services ($11.1m), Munson Healthcare Foundations ($11.1m) and Community Services for the Aging Inc ($11.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 30% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $305k (2.9% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $2.6m against liabilities of $2.2m, net assets of $361k. It reported 115 employees.