New York State Association of Independent Schools

Analysis

New York State Association of Independent Schools is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 1969, 57 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 2023, New York State Association of Independent Schools reported income of $3.0m and spending of $3.0m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.1m to $3.0m (-2.8%), an average of -0.7% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York State Association of Independent Schools sits at the 88th percentile: it is larger than about 88% 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 Girls Incorporated of Metropolitan Dallas ($3.0m), YWCA of Glendale and Pasadena ($3.0m) and Boys & Girls Clubs of Central Mississippi Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $499k (16% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.0m against liabilities of $817k, net assets of $2.2m. It reported 8 employees.