American Academy McAllister Institute of Funeral Service Inc

Analysis

American Academy McAllister Institute of Funeral Service Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1967, 59 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 September 2023, American Academy McAllister Institute of Funeral Service Inc reported income of $4.2m and spending of $4.7m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $5.3m to $4.2m (-20%), an average of -5.5% a year. The sharpest change came in the year to September 2023, when income dropped by 31%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Academy McAllister Institute of Funeral Service Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Bullis-Purissima Elementary School Foundation ($4.2m), Society of Research Administrators International Inc ($4.2m) and Friends of NCSH Inc ($4.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $705k (15% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $13.9m against liabilities of $11.1m, net assets of $2.8m. It reported 36 employees.