Hayground School Inc

Analysis

Hayground School Inc is a registered charity in United States, based in Bridgehampton, NY. It received its IRS tax-exemption ruling in December 1996, 30 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, Hayground School Inc reported income of $3.9m and spending of $3.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $3.9m (+22%), an average of +5.1% a year. 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, Hayground School Inc sits at the 87th percentile: it is larger than about 87% 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 Northeastern State University Foundation Inc ($3.9m), Ace Mentor Program of America Inc ($3.9m) and African Economic Development Solutions ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $824k (22% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.2m against liabilities of $2.6m, net assets of $633k. It reported 187 employees.