Little Red School House Inc

Analysis

Little Red School House Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1951, 75 years ago. 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, Little Red School House Inc reported income of $34.5m and spending of $37.5m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $36.3m to $34.5m (-5.0%), an average of -1.3% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Little Red School House Inc 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 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Yale New Haven Health at Home Inc ($34.4m), Chinatown Service Center ($34.5m) and Young Americas Foundation ($34.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1.4m (3.8% of expenses). Other salaries and wages came to $15.3m. It paid $13k in professional fundraising fees. At year end it held assets of $53.1m against liabilities of $27.7m, net assets of $25.4m. It reported 293 employees.