Hillel Day School of Metropolitan Detroit

Analysis

Hillel Day School of Metropolitan Detroit is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in August 1960, 66 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, Hillel Day School of Metropolitan Detroit reported income of $27.7m and spending of $19.2m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.0m to $27.7m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2023, when income rose by 66%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hillel Day School of Metropolitan Detroit sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Riverview School Inc ($27.7m), Defiance College ($27.7m) and Union Commonwealth University ($27.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $246k (1.3% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $42.0m against liabilities of $2.5m, net assets of $39.6m. It reported 187 employees.