Saratoga Independent School Inc

Analysis

Saratoga Independent School Inc is a registered charity in United States, based in Saratoga SPGS, NY. It received its IRS tax-exemption ruling in February 1993, 33 years ago. 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, Saratoga Independent School Inc reported income of $2.6m and spending of $2.7m, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.1m to $2.6m (+24%), an average of +7.5% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saratoga Independent School Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Mill Valley Public Library Foundation ($2.6m), Pa Assoc of Conservation Districts Inc ($2.6m) and Society of Woman Geographers ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $134k (5.0% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $4.9m against liabilities of $2.3m, net assets of $2.6m. It reported 69 employees.