New York Academy Educational Services Inc

Analysis

New York Academy Educational Services Inc is a registered charity in United States, based in Ridgewood, NJ. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Academy Educational Services Inc reported income of $2.8m and spending of $2.7m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.0m to $2.8m (-8.1%), an average of -2.1% a year. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New York Academy Educational Services Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Summer Scholars ($2.8m), Collin County Community College District Foundation ($2.8m) and Mount Healthy Preparatory and Fitness Academy ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 0.5% of the total. Other salaries and wages came to $165k. At year end it held assets of $29.7m against liabilities of $26.8m, net assets of $2.9m. It reported 7 employees.