Corner School

Analysis

Corner School is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in December 1959, 67 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 August 2023, Corner School reported income of $561k and spending of $520k, spending 93% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $227k to $561k (+147%), an average of +35% a year. The sharpest change came in the year to August 2022, when income rose by 300%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Corner School sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Florida Truckers Institute Inc ($560k), Jackson Community College Foundation ($561k) and Bridge School Inc ($560k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $60k (12% of expenses). Other salaries and wages came to $301k. At year end it held assets of $287k against liabilities of $95k, net assets of $192k. It reported 11 employees.