San Miguel Academy of Newburgh

Analysis

San Miguel Academy of Newburgh is a registered charity in United States, based in Newburgh, NY. It received its IRS tax-exemption ruling in July 2008, 18 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, San Miguel Academy of Newburgh reported income of $1.2m and spending of $1.3m, spending 106% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $1.3m to $1.2m (-3.6%), an average of -3.6% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, San Miguel Academy of Newburgh sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Cypress High School Athletic Boosters Club ($1.2m), Montessori Education Trust Inc ($1.2m) and The Center for Cartoon Studies Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $77k (5.9% of expenses). Other salaries and wages came to $554k. At year end it held assets of $3.0m against liabilities of $597k, net assets of $2.4m. It reported 20 employees.