Hatikvah International Academy Charter School

Organization Overview

Hatikvah International Academy Charter School is located in East Brunswick, NJ. The organization was established in 2013. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Hatikvah International Academy Charter School employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hatikvah International Academy Charter School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Hatikvah International Academy Charter School generated $8.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $8.1m during the year ending 06/2021. While expenses have increased by 16.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE CHARTER SCHOOL IS A NON-PROFIT ORGANIZATION ESTABLISHED FOR THE PURPOSE OF OPERATING AND MAINTAINING A PUBLIC SCHOOL UNDER A CHARTER GRANTED BY THE STATE OF NEW JERSEY

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION IS A CHARTER SCHOOL. IT OPERATES A NON-PROFIT SCHOOL WHERE STUDENTS MAY OBTAIN A GENERAL EDUCATION IN CONFORMITY WITH THE CHARTER SCHOOL PROGRAM ACT OF 1995, P.L. 1985 ET. SEQ. DURING THE YEAR ENDED JUNE 30, 2021, THE CHARTER SCHOOL HAD AN ENROLLMENT OF APPROXIMATELY 548 STUDENTS IN GRADES K TO 8.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $8,146,431
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$8,146,431
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,196,462

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Hatikvah International Academy Charter School has recieved totaling $467,023.

Awarding OrganizationAmount
$459,277
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$7,486
Verizon Foundation

Basking Ridge, NJ

PURPOSE: MIP PAYOUT FOR 11/03/21

$260
View Grant Recipient Profile

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