Hoosac School

Analysis

Hoosac School is a registered charity in United States, based in Hoosick, NY. It received its IRS tax-exemption ruling in April 1944, 82 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 June 2023, Hoosac School reported income of $13.4m and spending of $10.5m, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $9.7m to $13.4m (+38%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hoosac School sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Kinkaid School Endowment Fund Inc ($13.4m), Connected Nation Inc ($13.4m) and The Geneva School Inc ($13.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $340k (3.2% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $13.8m against liabilities of $4.3m, net assets of $9.5m. It reported 50 employees.