Maimonides-Shalom Academy Inc

Analysis

Maimonides-Shalom Academy Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in June 1991, 35 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Maimonides-Shalom Academy Inc reported income of $15.1m and spending of $12.4m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.1m to $15.1m (+49%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Maimonides-Shalom Academy Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Three Angels Broadcasting Network Inc ($15.1m), Haggai International Institute for Advanced Leadership Training Inc ($15.2m) and Far East Broadcasting Company ($15.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $769k (6.2% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $27.0m against liabilities of $9.1m, net assets of $18.0m. It reported 241 employees.