Cardinal McCloskey School & Home for Children Inc

Analysis

Cardinal McCloskey School & Home for Children Inc is a registered charity in United States, based in Valhalla, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cardinal McCloskey School & Home for Children Inc reported income of $71.5m and spending of $70.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $68.4m to $71.5m (+4.6%), an average of +1.1% a year. 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, Cardinal McCloskey School & Home for Children Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Southern Monterey County Memorial Hospital ($71.5m), L a Family Housing Corporation ($71.5m) and Pressley Ridge ($71.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.2m (1.8% of expenses). Other salaries and wages came to $34.4m. At year end it held assets of $39.0m against liabilities of $28.6m, net assets of $10.4m. It reported 847 employees.