Friends of School in the Square Inc

Analysis

Friends of School in the Square Inc is a registered charity in United States, based in New York, 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of School in the Square Inc reported income of $6.0m and spending of $6.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $6.0m (+155%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 96%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of School in the Square Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include The Boys & Girls Club of Burbank and Greater East Valley Inc ($6.0m), Discovery Charter School ($6.0m) and Evangel Christian Academy Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% of the total. At year end it held assets of $32.7m against liabilities of $22.7m, net assets of $10.0m.