Paideia Institute for Humanistic Study Inc

Analysis

Paideia Institute for Humanistic Study Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Paideia Institute for Humanistic Study Inc reported income of $3.7m and spending of $4.9m, spending 133% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $4.1m to $3.7m (-9.9%), an average of -2.6% a year. The sharpest change came in the year to August 2022, when income rose by 227%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Paideia Institute for Humanistic Study Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Des Moines Community Playhouse ($3.7m), Center for European Policy Analysis ($3.7m) and Greentrike ($3.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $303k (6.1% of expenses). Other salaries and wages came to $708k. At year end it held assets of $1.2m against liabilities of $2.4m, net assets of -$1.2m. It reported 34 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.