Melvin J Berman Hebrew Academy

Analysis

Melvin J Berman Hebrew Academy is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in April 1945, 81 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Melvin J Berman Hebrew Academy reported income of $21.5m and spending of $20.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.5m to $21.5m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Melvin J Berman Hebrew Academy sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Lutheran Center at Poughkeepsie Inc ($21.2m), Word on Fire Catholic Ministries ($21.6m) and Mount Zion Baptist World Missions ($21.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $632k (3.0% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $22.7m against liabilities of $2.5m, net assets of $20.2m. It reported 258 employees.