Is Long Island Hebrew Academy Legit?

Long Island Hebrew Academy demonstrates consistent financial activity, with revenues generally exceeding or closely matching expenses over the past several years. For instance, in 2023, revenue was $1,771,930 against expenses of $1,771,199, indicating a break-even operation. The organization has maintained a healthy asset base, growing from $1 in 2018 to $900,739 in 2023, with zero reported liabilities in recent years, which is a strong indicator of financial stability. The consistent reporting of 0% officer compensation across all available filings suggests either a volunteer-led executive team or that compensation is reported under other expense categories, which could impact transparency regarding leadership costs. While the financial statements show a stable operational history, the absence of detailed expense breakdowns in the provided data makes it challenging to fully assess spending efficiency, particularly the allocation between program services, administrative costs, and fundraising. The NTEE code B20 (Elementary & Secondary Education) suggests a clear program focus. However, without a functional expense statement, it's difficult to determine if the majority of funds are directly supporting educational programs. The organization's consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and basic financial transparency. The lack of reported liabilities in recent years is a positive sign. However, for a more comprehensive understanding of its financial health and efficiency, a deeper dive into the functional expenses would be necessary to confirm that the bulk of its $1.7 million+ annual budget is directly applied to its educational mission.