Park Slope Afterschool Center Corp

Analysis

Park Slope Afterschool Center Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2020, 6 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 July 2023, Park Slope Afterschool Center Corp reported income of $1.2m and spending of $1.1m, spending 89% of its income. Across the 6 years on record, from July 2017 to July 2023, income grew from $876k to $1.2m (+42%), an average of +7.3% a year. The sharpest change came in the year to July 2022, when income rose by 23%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Park Slope Afterschool Center Corp 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 Hudson Lab School ($1.2m), Uwua Power for America Training Trust Fund ($1.2m) and Hand in Hand Early Childhood Center Inc ($1.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $92k (8.2% of expenses). Other salaries and wages came to $602k. At year end it held assets of $465k against liabilities of $5,343, net assets of $460k. It reported 76 employees.