Washington Market School

Analysis

Washington Market School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1984, 42 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 August 2023, Washington Market School reported income of $9.1m and spending of $9.3m, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $10.2m to $9.1m (-10%), an average of -2.6% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Washington Market School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Association of Graduates of the Usafa ($9.1m), Sierra Educational Advancement Corporation ($9.1m) and Innovation Spokane Schools ($9.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 7.7% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $1.1m (12% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $43.1m against liabilities of $18.7m, net assets of $24.4m. It reported 70 employees.