Atrium School Inc

Analysis

Atrium School Inc is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in April 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Atrium School Inc reported income of $5.0m and spending of $4.7m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.1m to $5.0m (+22%), an average of +6.9% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Atrium School Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include The Childrens Center for Neurodevelopmental Studies Inc ($5.0m), LA Coaltion Against Domestic Violence Inc ($5.0m) and Aftenro Society ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $388k (8.2% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $8.7m against liabilities of $5.0m, net assets of $3.7m. It reported 50 employees.