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Original dataset · 86 Jewish day schools · IRS 990 + archives

School Financial Health Report Card

86 Jewish day schools (Non-Orthodox and Orthodox K-8 cohorts), scored on a composite across operating margin, tuition discounting, endowment cushion, fundraising, enrollment trend and, where matched, head-of-school tenure. The figures are reconstructed by hand from each school's public IRS Form 990 income and expense totals, archived filings, and school and public web sources across 2023-24 through 2025-26, with head-of-school tenure drawn from Form 990 (2017-24). Grades are percentile ranks within this Jewish day school pool, not against the broader independent-school universe. Adjust the weights below to match what you think matters most.

How this dataset was built

An original dataset assembled by hand from public IRS Form 990 filings, historical and archived filings, Internet Archive / Wayback captures, and school and public web sources, reconstructed across eight years of filings. Every school's operating margin, tuition discounting, endowment cushion, fundraising, enrollment trend, and head-of-school tenure was rebuilt from the income and expense totals in those public filings rather than pulled from a single feed.

IRS Form 990 filings Historical & archived filings Internet Archive / Wayback School & public web sources
86schools scored
6financial pillars
990 totalsreconstructed from income & expense
2017-24years reconstructed

The grades rest on the assembled record above. Any comparable-school benchmarking appears only as a secondary cross-reference where noted.

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Pillar weights
Weights auto-normalize, so they don't need to sum to 100. A school missing a pillar is scored on its remaining pillars only, and needs at least 2 reported metrics to receive a letter grade (otherwise it shows N/A rather than a grade built on a single number).

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Elsewhere

Read more about this conversation

Writing from outside this research, on the same question.

  1. Charity Navigator's Ratings Are Inherently Flawed. Here's a Simple Solution. Op-ed · Chronicle of Philanthropy · Maoz (Michael) Brown and Aaron Horvath · April 2024
  2. The Need for Financial Transparency at the Orthodox Union Op-ed · eJewishPhilanthropy · Zachary Schrieber · June 2018
  3. Charity Navigator's Superficial Ratings Miss Major Flaws in Charities Op-ed · Chronicle of Philanthropy · Alan M. Cantor · October 2013
  4. Filing your IRS Form 990 can Benefit Your Mission Column · eJewishPhilanthropy · Natasha Dresner · May 2017
  5. Dear Charity Navigator: Don't Backtrack on Overhead Now! Column · Nonprofit Quarterly · Ruth McCambridge · October 2016
  6. Demystifying Day School Tuition Essay · The Lehrhaus · James Wolfe · February 2018
  7. The Ratings Game Analysis · Stanford Social Innovation Review · Stephanie Lowell, Brian Trelstad, and Bill Meehan · 2005

The paper behind this story

A Percentile-Based Financial Health Index for Jewish Day School Benchmarking

Methodology

Methodology paper · 2026 · Ḥeshbon · Center on Data and Jewish Life

Methods Download the methodology companion (PDF)

First page of the white paper The Financial Health Index

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Ḥeshbon

חשבון, an accounting

Evidence where anecdote has been doing the work: what a Jewish household or a Jewish institution actually pays, and who decides. Most of these datasets did not exist until a piece needed them. Each one is published alongside the work, with its sources and its limits, so you can check the arithmetic yourself.

The figures here are estimates built from public filings, published price pages and survey samples, and every piece states its own sources, sample sizes and limits in place. Tax filings run a year or more behind and get restated, posted prices change without notice, and a percentage describes the sample observed rather than the whole field. Several rest on small denominators or on voluntary reporting, noted where they appear. Where a number is our own arithmetic rather than a published one, the piece says so and shows the working.

Nothing here audits an individual institution or a person, and naming an organization is not a finding about its conduct. Ḥeshbon is independent of every body named on this site. None has reviewed, approved or funded the work, and where a ranking uses another organization's published figures as an input, that organization has not endorsed the result.

This is research rather than financial, tax, legal or immigration advice, and no one should decide about their own money on these pages alone. Israeli figures are current as of August 2026, at roughly three shekels to the dollar, and Israeli tax and benefit rules move faster than that. Corrections are made on the piece itself and noted there. If something here is wrong, write and it gets fixed.

© 2026 Ḥeshbon, Center on Data and Jewish Life. Research, writing and charts by Gavriel Brown.