Town School Inc

Analysis

Town School Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1953, 73 years ago. 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, Town School Inc reported income of $22.3m and spending of $23.3m, spending 105% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $20.8m to $22.3m (+7.2%), an average of +1.8% a year. The sharpest change came in the year to August 2021, when income rose by 15%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Town School Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Brewton Parker Christian University Inc ($22.3m), Mercy Home for Children ($22.3m) and CHC Creating Healthier Communities ($22.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 10% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $1.4m (5.8% of expenses). Other salaries and wages came to $10.1m. It paid $477k in professional fundraising fees. At year end it held assets of $68.7m against liabilities of $9.2m, net assets of $59.5m. It reported 157 employees.