Medical Center Nursery School

Analysis

Medical Center Nursery School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1961, 65 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Medical Center Nursery School reported income of $838k and spending of $878k, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.1m to $838k (-27%), an average of -9.9% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Medical Center Nursery School sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Local 44 J a T C Educational Development Trust ($837k), Council Oak Montessori School Ltd ($838k) and Waukegan to College NFP ($837k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $145k (17% of expenses). Other salaries and wages came to $526k. At year end it held assets of $1.2m against liabilities of $571k, net assets of $665k. It reported 16 employees.