Park Slope Schoolhouse Inc

Analysis

Park Slope Schoolhouse Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Park Slope Schoolhouse Inc reported income of $1.3m and spending of $1.4m, spending 110% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.3m to $1.3m (+2.9%), an average of +0.7% a year. The sharpest change came in the year to August 2022, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Park Slope Schoolhouse Inc 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 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include New Day Services Inc ($1.3m), Netherwood Academy Inc ($1.3m) and Elderly Opportunity Agency Inc ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 3.1% and program service revenue 97% of the total. Other salaries and wages came to $775k. At year end it held assets of $1.2m against liabilities of $1.1m, net assets of $81k. It reported 21 employees.