HEBREW ACADEMY OF CLEVELAND

CLEVELAND HTS, OH, 44118-5300 (216) 321-5838 Est. 1943 EIN 34-0714428
Form 990 501(c)(3)
www.hac1.org

Mission

THE MISSION OF THE HEBREW ACADEMY IS TO IMBUE ALL STUDENTS WITH A LOVE OF GOD, TORAH AND ERETZ YISROEL AND TO PREPARE THEM TO ACHIEVE EXCELLENCE IN TORAH AND GENERAL KNOWLEDGE BASED ON SUCCESSFUL COOPERATION AMONG FAMILY, JUDAIC AND GENERAL STUDIES FACULTY AND COMMUNITY. THE CREATION OF ERETZ YISROEL IS ONE OF THE SEMINAL EVENTS IN JEWISH HISTORY. RECOGNIZING THE SIGNIFICANCE OF ERETZ YISROEL AND ITS NATIONAL INSTITUTIONS, WE SEEK TO INSTILL IN OUR STUDENTS AN ATTACHMENT TO ERETZ YISROEL AND ITS PEOPLE AS WELL AS A SENSE OF RESPONSIBILITY FOR THEIR WELFARE.

Giving Portfolio

Total Grants
147
Total Giving
$2.7M
Recipients
122
Years Active
2017 - 2023
Avg grant: $19,274 Median: $11,000

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
202330$638K $21K1118
202222$414K $19K148
202119$533K $28K99
202044$607K $14K147
201916$210K $13K115
201716$329K $21K160

Sectors Funded

Religion-Related
45
Philanthropy & Grantmaking
22
International & Foreign Affairs
15
Education
8
Human Services
3
Unknown
3
Arts, Culture & Humanities
2
Youth Development
1

Top States

New York
73
Ohio
28
New Jersey
19
Illinois
9
Virginia
6
Maryland
5
Florida
3
California
2
and 2 more states

Grantee Size Profile

$1M - $5M
24
$10M - $50M
14
$5M - $10M
11
$100K - $500K
8
Over $50M
5
Under $100K
1
$500K - $1M
1

Top Grantees

Page 1 of 3

Grants Awarded · 142 grants

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Financials

Total Revenue
$30,632,283
Total Expenses
$31,004,263
Net Assets
$64,083,397
577 employees 100 volunteers
From latest filing (tax period ending 2024-06-30)

Financial Health

Operating Reserve
2.1 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 8.4%
Expenses ↑ 9.1%
Revenue Sources
Contributions 27.4% Earned revenue 71.1% Investment 2.0%
Expense Breakdown
Program 89.8% Management 7.9% Fundraising 2.3%

Officers & Trustees (56)

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Filing History (7 filings)

YearRevenueExpensesNet Assets
2023 Form 990
Jul 1, 2023 to Jun 30, 2024
$30,632,283 $31,004,263$64,083,397
2022 Form 990
Jul 1, 2022 to Jun 30, 2023
$33,456,074 $28,418,457$62,668,589
2021 Form 990
Jul 1, 2021 to Jun 30, 2022
$32,830,849 $27,148,181$56,189,014
2020 Form 990
Jul 1, 2020 to Jun 30, 2021
$38,136,745 $25,698,946$51,516,353
2020 Form 990
Jul 1, 2020 to Jun 30, 2021
$38,136,745 $25,698,946$51,516,353
2019 Form 990
Jul 1, 2019 to Jun 30, 2020
$38,276,243 $22,609,264$35,434,565
2017 Form 990
Jul 1, 2017 to Jun 30, 2018
$21,957,118 $20,921,741$21,204,102

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EIN: 34-0714428 · Source: IRS Form 990 e-file data