Whitestone Academy Inc

Analysis

Whitestone Academy Inc is a registered charity in United States, based in Whitestone, NY. It received its IRS tax-exemption ruling in May 2015, 11 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, Whitestone Academy Inc reported income of $865k and spending of $791k, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.4m to $865k (-38%), an average of -11% a year. The sharpest change came in the year to August 2022, when income rose by 67%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Whitestone Academy Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Taft College Foundation ($865k), Hymen Milgrom Supporting Organization ($865k) and High Oaks Inc ($865k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $506k. At year end it held assets of $379k against liabilities of $0, net assets of $379k. It reported 16 employees.