Expanded Schools Inc

Analysis

Expanded Schools Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Expanded Schools Inc reported income of $15.4m and spending of $14.0m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.8m to $15.4m (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Expanded Schools Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Special Citizens Futures Unlimited Inc ($15.4m), Sasha Bruce Youthwork Inc ($15.4m) and Fitzmaurice Community Services Inc ($15.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $765k (5.5% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $16.4m against liabilities of $4.2m, net assets of $12.2m. It reported 69 employees.