Hewitt School

Analysis

Hewitt School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1952, 74 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, Hewitt School reported income of $31.4m and spending of $36.9m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.1m to $31.4m (+1.1%), an average of +0.3% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hewitt School 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 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Goddard Riverside Community Center ($31.4m), Institute of Food Techologists Inc ($31.4m) and College Foundation Inc ($31.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.5% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.3m (3.4% of expenses). Other salaries and wages came to $14.6m. At year end it held assets of $68.0m against liabilities of $33.1m, net assets of $34.9m. It reported 216 employees.