Saint Gregorys School for Boys

Analysis

Saint Gregorys School for Boys is a registered charity in United States, based in Loudonville, NY. It received its IRS tax-exemption ruling in November 1983, 43 years ago. 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 June 2024, Saint Gregorys School for Boys reported income of $3.2m and spending of $2.4m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.2m to $3.2m (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saint Gregorys School for Boys sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Boy Scouts of America ($3.2m), Oregon Youth Soccer Association ($3.2m) and Boulder Valley Womens Health Center Inc ($3.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 25% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $99k (4.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.7m against liabilities of $592k, net assets of $5.1m. It reported 32 employees.