Schoolnova at Stony Brook Inc

Analysis

Schoolnova at Stony Brook Inc is a registered charity in United States, based in East Setauket, NY. It received its IRS tax-exemption ruling in February 2015, 11 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, Schoolnova at Stony Brook Inc reported income of $576k and spending of $523k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $521k to $576k (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2023, when income dropped 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, Schoolnova at Stony Brook Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Forest Park Christian Early Learning Center Inc ($576k), Superintendents Commission for the Study of Demographics & Diversity ($576k) and Central States Numismatic Society ($576k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $80k (15% of expenses). Other salaries and wages came to $295k. At year end it held assets of $695k against liabilities of $3,466, net assets of $692k. It reported 43 employees.