New York Institute of English and Business Inc

Analysis

New York Institute of English and Business Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1997, 29 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, New York Institute of English and Business Inc reported income of $1.8m and spending of $1.8m, spending 99% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.8m (-3.5%), an average of -1.2% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New York Institute of English and Business Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include East Palo Alto Academy Foundation ($1.8m), Allmemphis Inc ($1.8m) and Fellowship Christian School Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $150k (8.4% of expenses). Other salaries and wages came to $730k. At year end it held assets of $3.4m against liabilities of $2.8m, net assets of $591k. It reported 30 employees.