American Hebrew Academy Inc

Analysis

American Hebrew Academy Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, American Hebrew Academy Inc reported income of $2.5m and spending of $7.0m, spending 273% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $16.1m to $2.5m (-84%), an average of -46% a year. The sharpest change came in the year to June 2023, when income rose by 214%. Over the whole period it spent 236% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Hebrew Academy Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Community Innovation Partners ($2.5m), Somerset Academy Arizona Inc ($2.5m) and Academy with Community Partners Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 169% of the total. Compensation of current officers, directors and key employees was $875k (13% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $61.5m against liabilities of $57.5m, net assets of $4.0m. It reported 80 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.