Sonia and Max Silverstein Hebrew Academy

Analysis

Sonia and Max Silverstein Hebrew Academy is a registered charity in United States, based in Great Neck, NY. It received its IRS tax-exemption ruling in February 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 2023, Sonia and Max Silverstein Hebrew Academy reported income of $2.6m and spending of $3.1m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.7m to $2.6m (-2.1%), an average of -0.5% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sonia and Max Silverstein Hebrew Academy sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Dwight Hall at Yale ($2.6m), NJ Leep Inc ($2.6m) and Morning Star Preparatory Academy Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $24k (0.8% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.0m against liabilities of $529k, net assets of $1.5m. It reported 69 employees.