The Advisory Board of the High School of Fashion Industries

Analysis

The Advisory Board of the High School of Fashion Industries is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1957, 69 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, The Advisory Board of the High School of Fashion Industries reported income of $169k and spending of $90k, leaving 47% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income grew from $83k to $169k (+104%), an average of +104% a year. The sharpest change came in the year to August 2023, when income rose by 104%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Advisory Board of the High School of Fashion Industries sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Community Preschool Inc ($169k), Kimball Public Schools Foundation Inc ($169k) and D a R E Iowa Inc ($169k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 89% and program service revenue 4.4% of the total. At year end it held assets of $422k against liabilities of $4,625, net assets of $417k.