Thornton-Donovan School

Analysis

Thornton-Donovan School is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in May 1970, 56 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 2024, Thornton-Donovan School reported income of $1.7m and spending of $2.0m, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.6m to $1.7m (-34%), an average of -9.9% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thornton-Donovan School sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include The Jewish Community Foundation of Greater Mercer Inc ($1.7m), Centre Square Montessori School House ($1.7m) and Muny Conservancy ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.9% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $165k (8.1% of expenses). At year end it held assets of $3.3m against liabilities of $522k, net assets of $2.8m. It reported 37 employees.