Seattle Hebrew Academy

Analysis

Seattle Hebrew Academy is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 1921, 105 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Seattle Hebrew Academy reported income of $6.2m and spending of $6.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $6.2m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2020, when income rose by 160%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Seattle Hebrew Academy sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include Hutchcraft Ministries Inc ($6.2m), Kolel Torah Inc ($6.2m) and Multiplication Network Ministries ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $399k (6.4% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $15.3m against liabilities of $978k, net assets of $14.3m. It reported 69 employees.