Greek School of Plato Ltd

Analysis

Greek School of Plato Ltd is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Greek School of Plato Ltd reported income of $318k and spending of $706k, spending 222% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $329k to $318k (-3.5%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greek School of Plato Ltd 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 63rd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Yuma Library Foundation ($318k), Lenawee Council for the Visual Arts ($318k) and Harps Foundation ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $115k (16% of expenses). Other salaries and wages came to $127k. At year end it held assets of $5.5m against liabilities of $3.1m, net assets of $2.5m. It reported 20 employees.