Reece School

Analysis

Reece School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1951, 75 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 June 2023, Reece School reported income of $9.8m and spending of $10.1m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.1m to $9.8m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reece School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Bsi Inc ($9.8m), Mazon Inc a Jewish Response to Hunger ($9.8m) and Community Healing Centers ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $520k (5.2% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $9.1m against liabilities of $7.8m, net assets of $1.3m. It reported 111 employees.