Staten Island Hebrew Academy

Analysis

Staten Island Hebrew Academy is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in June 2021, 5 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, Staten Island Hebrew Academy reported income of $1.4m and spending of $2.0m, spending 137% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $4.2m to $1.4m (-66%), an average of -42% a year. The sharpest change came in the year to June 2023, when income dropped by 54%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Staten Island Hebrew Academy sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Association of Independent School Admissions Professionals ($1.4m), Langston University Foundation ($1.4m) and Friends of Jerusalem College of Technology Ltd ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $93k (4.7% of expenses). Other salaries and wages came to $934k. At year end it held assets of $4.9m against liabilities of $2.0m, net assets of $3.0m. It reported 31 employees.