Long Island School for the Gifted

Analysis

Long Island School for the Gifted is a registered charity in United States, based in Syosset, NY. It received its IRS tax-exemption ruling in December 1980, 46 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 2023, Long Island School for the Gifted reported income of $4.1m and spending of $3.8m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.2m to $4.1m (-3.6%), an average of -0.9% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Long Island School for the Gifted sits at the 88th percentile: it is larger than about 88% 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 Richland School at Richland Academy ($4.1m), Briarwood Academy Inc ($4.1m) and Country Gardens Charter Schools ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $437k (11% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $5.1m against liabilities of $3.8m, net assets of $1.4m. It reported 40 employees.