Poughkeepsie Day School Inc

Analysis

Poughkeepsie Day School Inc is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in October 1942, 84 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, Poughkeepsie Day School Inc reported income of $1.5m and spending of $2.0m, spending 138% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.6m to $1.5m (-77%), an average of -31% a year. The sharpest change came in the year to June 2021, when income dropped by 86%. Over the whole period it spent 127% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Poughkeepsie Day School Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include American Friends of Yeshivat Lev Hatorah ($1.5m), Scarborough Public Library ($1.5m) and Wyoming Day School Incorporated ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $151k (7.4% of expenses). Other salaries and wages came to $865k. At year end it held assets of $4.9m against liabilities of $2.5m, net assets of $2.4m. It reported 30 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.