Storm King School

Analysis

Storm King School is a registered charity in United States, based in Cornwall HDSN, NY. It received its IRS tax-exemption ruling in January 1943, 83 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, Storm King School reported income of $11.7m and spending of $11.3m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $12.6m to $11.7m (-7.1%), an average of -2.4% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Storm King 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 Hilton Head Preparatory School ($11.7m), Lincoln Park Performing Arts Charter School ($11.7m) and Thurgood Marshall Academy ($11.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $488k (4.3% of expenses). Other salaries and wages came to $3.6m. It paid $12k in professional fundraising fees. At year end it held assets of $16.4m against liabilities of $8.5m, net assets of $7.8m. It reported 90 employees.