New Hillel Academy

Analysis

New Hillel Academy is a registered charity in United States, based in Vestal, NY. It received its IRS tax-exemption ruling in March 1967, 59 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, New Hillel Academy reported income of $432k and spending of $415k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $344k to $432k (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2021, when income rose by 70%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Hillel Academy sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Iolani Swim Club ($432k), Council of Community Housing Organizations ($432k) and Trinity Communications ($432k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. Other salaries and wages came to $238k. At year end it held assets of $286k against liabilities of $25k, net assets of $261k. It reported 9 employees.