Maimonides Hebrew Day School

Analysis

Maimonides Hebrew Day School is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in November 1988, 38 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, Maimonides Hebrew Day School reported income of $941k and spending of $838k, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $619k to $941k (+52%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 77%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maimonides Hebrew Day School sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Thor Johnson Endowment Trust ($941k), Bellingham Childcare & Learning Center ($941k) and Fremont Community School ($941k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 36% of the total. Other salaries and wages came to $498k. At year end it held assets of $1.9m against liabilities of $12k, net assets of $1.9m. It reported 35 employees.