North Shore Hebrew Academy

Analysis

North Shore Hebrew Academy is a registered charity in United States, based in Great Neck, NY. It received its IRS tax-exemption ruling in October 1971, 55 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 June 2023, North Shore Hebrew Academy reported income of $17.0m and spending of $16.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.9m to $17.0m (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Shore Hebrew Academy sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Lutheran Homes Society ($17.0m), Union Station Redevelopment Corp ($17.1m) and Presbyterian Med Ctr of Wash ($17.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.2% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.9m (12% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $11.9m against liabilities of $1.9m, net assets of $10.0m. It reported 200 employees.