Horace Mann School

Analysis

Horace Mann School is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 1949, 77 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, Horace Mann School reported income of $134.4m and spending of $117.5m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $130.9m to $134.4m (+2.6%), an average of +0.7% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Horace Mann School 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 99th percentile within NY. Charities of a similar size with the same main cause include The Harker School ($134.0m), International Republican Institute ($134.9m) and Campbellsville University Inc ($133.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $3.9m (3.3% of expenses). Other salaries and wages came to $50.1m. At year end it held assets of $472.3m against liabilities of $145.2m, net assets of $327.1m. It reported 568 employees.