Trey Whitfield School

Analysis

Trey Whitfield School is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2001, 25 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, Trey Whitfield School reported income of $2.5m and spending of $3.5m, spending 140% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.0m to $2.5m (+26%), an average of +6.0% a year. The sharpest change came in the year to August 2021, when income rose by 50%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trey Whitfield School sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Jewish Day School of Providence ($2.5m), Northpoint Christian Academy Inc ($2.5m) and Grow Academy ($2.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 35% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $297k (8.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.9m against liabilities of $4.1m, net assets of -$1.2m. It reported 43 employees.