Corlears School

Analysis

Corlears School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1958, 68 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Corlears School reported income of $7.1m and spending of $8.5m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.7m to $7.1m (-7.7%), an average of -2.0% a year. The sharpest change came in the year to June 2022, when income dropped by 27%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Corlears School sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include University City Associates Inc New Corp ($7.1m), Therapy and Learning Center Inc ($7.1m) and International School of Learners and Leaders ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $555k (6.5% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $11.9m against liabilities of $11.9m, net assets of -$22k. It reported 84 employees.