Harold and Mickey Smith Jewish Acad Emy

Analysis

Harold and Mickey Smith Jewish Acad Emy is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1986, 40 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, Harold and Mickey Smith Jewish Acad Emy reported income of $5.7m and spending of $6.5m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.9m to $5.7m (-4.3%), an average of -1.1% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harold and Mickey Smith Jewish Acad Emy sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Alpha Group of Delaware Inc ($5.7m), Day Nursery of Abilene ($5.7m) and National Eucharistic Congress Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $251k (3.8% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $11.9m against liabilities of $656k, net assets of $11.3m.