Masters School

Analysis

Masters School is a registered charity in United States, based in Dobbs Ferry, NY. It received its IRS tax-exemption ruling in August 1925, 101 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, Masters School reported income of $66.9m and spending of $48.4m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $46.2m to $66.9m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2020, when income rose by 31%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Masters 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 98th percentile within NY. Charities of a similar size with the same main cause include Transportation Research Center Inc ($66.7m), Adventist Health Tulare ($67.2m) and Gods Pantry Food Bank Inc ($66.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $1.1m (2.2% of expenses). Other salaries and wages came to $18.4m. At year end it held assets of $208.6m against liabilities of $36.8m, net assets of $171.8m. It reported 354 employees.