Bet Shraga Hebrew Academy of the Capital District

Analysis

Bet Shraga Hebrew Academy of the Capital District is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 1965, 61 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Bet Shraga Hebrew Academy of the Capital District reported income of $1.1m and spending of $1.2m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.1m (-7.3%), an average of -1.9% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bet Shraga Hebrew Academy of the Capital District sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Project 2411 Ministries ($1.1m), Lancaster Camp Meeting & Assembly Assn ($1.1m) and Coates Ministries Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $80k (6.5% of expenses). Other salaries and wages came to $530k. At year end it held assets of $2.6m against liabilities of $89k, net assets of $2.5m. It reported 32 employees.