Tuxedo Park School

Analysis

Tuxedo Park School is a registered charity in United States, based in Tuxedo Park, NY. It received its IRS tax-exemption ruling in February 1943, 83 years ago. 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, Tuxedo Park School reported income of $5.5m and spending of $7.8m, spending 143% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.2m to $5.5m (-24%), an average of -6.8% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tuxedo Park School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Jewish Association for Community Living ($5.5m), Legacy Youth Tennis and Education ($5.5m) and Family Planning Council of Nebraska Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $489k (6.3% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $12.5m against liabilities of $2.8m, net assets of $9.7m. It reported 60 employees.