Addlestone Hebrew Academy

Analysis

Addlestone Hebrew Academy is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in February 2003, 23 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, Addlestone Hebrew Academy reported income of $2.7m and spending of $2.9m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $2.7m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Addlestone Hebrew Academy 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 91st percentile within SC. Charities of a similar size with the same main cause include Merry Glen Public Benefit ($2.7m), Summit Academy-Toledo ($2.7m) and Dixon School of Arts and Sciences Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $180k (6.2% of expenses). At year end it held assets of $427k against liabilities of $151k, net assets of $276k. It reported 86 employees.