Syracuse Hebrew Day School Max Gilbert Hebrew Academy

Analysis

Syracuse Hebrew Day School Max Gilbert Hebrew Academy is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in June 1962, 64 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, Syracuse Hebrew Day School Max Gilbert Hebrew Academy reported income of $1.0m and spending of $1.1m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $790k to $1.0m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2021, when income rose by 53%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Syracuse Hebrew Day School Max Gilbert Hebrew Academy sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Thomas Hart Academy ($1.0m), Lake Tahoe Community College Foundation ($1.0m) and Sociedad Ambiente Marino Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $135k (13% of expenses). Other salaries and wages came to $493k. At year end it held assets of $1.3m against liabilities of $972, net assets of $1.3m. It reported 22 employees.