Bank Street College of Education

Analysis

Bank Street College of Education is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1938, 88 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 2022, Bank Street College of Education reported income of $68.7m and spending of $77.8m, spending 113% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income grew from $68.4m to $68.7m (+0.5%), an average of +0.2% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bank Street College of Education sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Prager University Foundation ($68.7m), North Dakota State University Foundation ($69.0m) and Lovett School ($68.6m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 19% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $2.8m (3.6% of expenses). Other salaries and wages came to $31.7m. At year end it held assets of $88.8m against liabilities of $40.0m, net assets of $48.8m. It reported 784 employees.