Houghton Academy

Analysis

Houghton Academy is a registered charity in United States, based in Houghton, NY. It received its IRS tax-exemption ruling in August 1983, 43 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 2024, Houghton Academy reported income of $1.6m and spending of $2.2m, spending 133% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $2.2m to $1.6m (-25%), an average of -5.5% a year. The sharpest change came in the year to June 2023, when income rose by 171%. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Houghton Academy sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Woodcrest Retreat Association ($1.6m), Habitat for Humanity International Inc ($1.6m) and Santa Fe Concert Association ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $161k (7.4% of expenses). Other salaries and wages came to $893k. At year end it held assets of $1.9m against liabilities of $1.6m, net assets of $302k. It reported 42 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.