Foote School Association Inc

Analysis

Foote School Association Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in June 1938, 88 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Foote School Association Inc reported income of $17.3m and spending of $18.0m, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $24.9m to $17.3m (-30%), an average of -8.6% a year. The sharpest change came in the year to June 2021, when income dropped by 32%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foote School Association Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include Voice Charter School of New York ($17.3m), Therapeutic Living Centers for the Blind Inc ($17.4m) and Vail Mountain School ($17.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.5% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $710k (4.0% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $50.2m against liabilities of $5.0m, net assets of $45.2m. It reported 237 employees.