Goldman - Hermelin Education Foundation of Hillel Day School

Analysis

Goldman - Hermelin Education Foundation of Hillel Day School is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in May 1990, 36 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Goldman - Hermelin Education Foundation of Hillel Day School reported income of $752k and spending of $285k, leaving 62% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $737k to $752k (+2.1%), an average of +0.5% a year. The sharpest change came in the year to June 2022, when income dropped by 160%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goldman - Hermelin Education Foundation of Hillel Day School sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Barry-Lawrence County Development Center Inc ($752k), New Canaan Community Nursery School Inc ($752k) and North Texas State Soccer Association Inc ($752k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $7.5m against liabilities of $0, net assets of $7.5m.