Shefa School

Analysis

Shefa School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2015, 11 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, Shefa School reported income of $21.8m and spending of $18.6m, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $12.5m to $21.8m (+74%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 72%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shefa School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Louisville Collegiate School ($21.8m), Jackson Academy Inc ($21.9m) and Mirman School for Gifted Children ($21.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $870k (4.7% of expenses). Other salaries and wages came to $9.0m. It paid $8,625 in professional fundraising fees. At year end it held assets of $272.8m against liabilities of $253.0m, net assets of $19.7m. It reported 131 employees.