Career School of Ny Inc

Analysis

Career School of Ny Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Career School of Ny Inc reported income of $1.6m and spending of $1.6m, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $654k to $1.6m (+142%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Career School of Ny Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Steepletown Neighborhood Services Inc ($1.6m), Virginias Gateway Region Inc ($1.6m) and We Are Alx Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 84% of the total. Compensation of current officers, directors and key employees was $301k (19% of expenses). Other salaries and wages came to $421k. At year end it held assets of $2.2m against liabilities of $1.7m, net assets of $452k. It reported 19 employees.