Threefold Educational Foundation & School

Analysis

Threefold Educational Foundation & School is a registered charity in United States, based in Spring Valley, NY. It received its IRS tax-exemption ruling in February 1966, 60 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 2023, Threefold Educational Foundation & School reported income of $11.6m and spending of $11.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.8m to $11.6m (-9.1%), an average of -2.3% a year. The sharpest change came in the year to June 2020, when income dropped by 27%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Threefold Educational Foundation & School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include The Academy ($11.6m), Etoile Academy Inc ($11.6m) and Discovery Charter School Inc ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 73% of the total. Other salaries and wages came to $5.8m. At year end it held assets of $15.4m against liabilities of $1.7m, net assets of $13.7m. It reported 232 employees.