Professional Childrens School Inc

Analysis

Professional Childrens School Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1934, 92 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Professional Childrens School Inc reported income of $7.2m and spending of $9.3m, spending 130% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $9.9m to $7.2m (-27%), an average of -10% a year. The sharpest change came in the year to June 2022, when income dropped by 26%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Professional Childrens School Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Maxwell C King Center for the Performing Arts Inc ($7.2m), Baltimore Childrens Museum Inc ($7.2m) and American Association of Physics Teachers Inc ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $744k (8.0% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $19.2m against liabilities of $6.2m, net assets of $13.0m. It reported 49 employees.