Hebrew Language Academy Charter School 2

Analysis

Hebrew Language Academy Charter School 2 is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2017, 9 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, Hebrew Language Academy Charter School 2 reported income of $9.6m and spending of $9.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $9.6m (+77%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hebrew Language Academy Charter School 2 sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Folk Arts-Cultural Treasures Charter School ($9.6m), Horizon House Delaware Inc ($9.6m) and Freedom Classical Academy Inc ($9.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $167k (1.8% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $5.7m against liabilities of $2.7m, net assets of $3.0m. It reported 71 employees.