82nd Street Academics

Analysis

82nd Street Academics is a registered charity in United States, based in Jackson HTS, NY. It received its IRS tax-exemption ruling in January 2005, 21 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, 82nd Street Academics reported income of $4.9m and spending of $5.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $4.9m (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 159%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, 82nd Street Academics 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 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Springfield Empowerment Zone Partnership Inc ($4.9m), Mosaics Public School Inc ($4.9m) and Greene Hill School ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 11% of the total. Other salaries and wages came to $3.2m. At year end it held assets of $2.2m against liabilities of $955k, net assets of $1.2m. It reported 182 employees.