Keio Academy of New York

Analysis

Keio Academy of New York is a registered charity in United States, based in Purchase, NY. It received its IRS tax-exemption ruling in March 1994, 32 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 June 2023, Keio Academy of New York reported income of $12.4m and spending of $14.3m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $16.6m to $12.4m (-25%), an average of -6.9% a year. The sharpest change came in the year to June 2020, when income dropped by 16%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Keio Academy of New York sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Eugenio Maria Dehostos Charter School ($12.4m), Charter School of the Dunes Inc ($12.4m) and Capital Prep Harbor School Inc ($12.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $525k (3.7% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $59.4m against liabilities of $7.2m, net assets of $52.1m. It reported 104 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.