Shema Kolainu-Hear Our Voices

Analysis

Shema Kolainu-Hear Our Voices is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Shema Kolainu-Hear Our Voices reported income of $14.9m and spending of $11.8m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.3m to $14.9m (+104%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shema Kolainu-Hear Our Voices sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Monument Academy ($14.9m), Friends of Breakthrough Schools ($14.9m) and Charter School of New Castle Inc ($14.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $623k (5.3% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $16.1m against liabilities of $3.2m, net assets of $12.9m. It reported 333 employees.