Hatikvah International Academy Charter School

Analysis

Hatikvah International Academy Charter School is a registered charity in United States, based in E Brunswick, NJ. It received its IRS tax-exemption ruling in July 2013, 13 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, Hatikvah International Academy Charter School reported income of $11.3m and spending of $10.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.9m to $11.3m (+64%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hatikvah International Academy Charter School 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 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Genesis Innovation Academy Inc ($11.3m), Quest Scholars Program ($11.3m) and Lih Memorial Grant Fund ($11.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $485k (4.5% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $3.1m against liabilities of $1.0m, net assets of $2.1m. It reported 91 employees.