Kadima Hebrew Academy

Analysis

Kadima Hebrew Academy is a registered charity in United States, based in West Hills, CA. It received its IRS tax-exemption ruling in May 1978, 48 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 August 2023, Kadima Hebrew Academy reported income of $6.3m and spending of $6.7m, spending 105% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.2m to $6.3m (+50%), an average of +11% a year. The sharpest change came in the year to August 2022, when income rose by 19%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kadima Hebrew Academy sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Providence Englewood Schoolcorporation ($6.3m), Regent Preparatory School of Oklahoma Inc ($6.3m) and Southwest Minnesota State University Foundation Inc Smsu FDN ($6.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $628k (9.4% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $13.4m against liabilities of $16.6m, net assets of -$3.2m. It reported 131 employees.