Richmond Hebrew Day School

Analysis

Richmond Hebrew Day School is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in November 2001, 25 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 August 2023, Richmond Hebrew Day School reported income of $2.1m and spending of $2.2m, spending 106% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $1.1m to $2.1m (+88%), an average of +23% a year. The sharpest change came in the year to August 2022, when income rose by 92%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Richmond Hebrew Day School sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Friends of Elm Community Charter School Inc ($2.1m), Wisconsin Technical College System Foundation Inc ($2.1m) and Big Minds Incorporated ($2.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 34% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $184k (8.3% of expenses). Other salaries and wages came to $780k. At year end it held assets of $1.5m against liabilities of $273k, net assets of $1.2m. It reported 34 employees.