Leeway School

Analysis

Leeway School is a registered charity in United States, based in Sayville, NY. It received its IRS tax-exemption ruling in September 1973, 53 years ago. 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 2023, Leeway School reported income of $3.9m and spending of $3.9m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.1m to $3.9m (+24%), an average of +7.5% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leeway School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Foundation for Orange County Public Schools Inc ($3.9m), Oceanic Society Expeditions ($3.9m) and Child & Family Services of Michigan ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $144k (3.7% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $1.2m against liabilities of $1.7m, net assets of -$586k. It reported 75 employees.