Erie Day School Inc

Analysis

Erie Day School Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in October 1953, 73 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, Erie Day School Inc reported income of $3.1m and spending of $2.5m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.1m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Erie Day School 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 89th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Friends of Central Queens Academy Inc ($3.1m), Nexus School ($3.1m) and Pressley Ridge Foundation ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 70% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $5.9m against liabilities of $3.1m, net assets of $2.8m. It reported 36 employees.