Hebrew Academy of Tidewater

Analysis

Hebrew Academy of Tidewater is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in September 1960, 66 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, Hebrew Academy of Tidewater reported income of $5.3m and spending of $5.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $5.3m (+34%), an average of +7.5% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hebrew Academy of Tidewater sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include CNS Corporation ($5.3m), Pathlights Human Services ($5.3m) and Local 15 15a 15d Operating Engineer Apprenticeship Skill Improvement ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $170k (3.3% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $2.4m against liabilities of $519k, net assets of $1.9m. It reported 67 employees.