Politz Hebrew Academy of Northeast Philadelphia

Analysis

Politz Hebrew Academy of Northeast Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1983, 43 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 August 2023, Politz Hebrew Academy of Northeast Philadelphia reported income of $8.2m and spending of $8.5m, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $7.3m to $8.2m (+13%), an average of +3.1% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Politz Hebrew Academy of Northeast Philadelphia sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Berkshire Family Young Mens Christian Association Inc ($8.2m), Duluth Graduate Medical Education Council Inc ($8.2m) and Lifespan Resources Inc ($8.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 37% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $526k (6.2% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $7.4m against liabilities of $2.9m, net assets of $4.5m. It reported 95 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.