Hershorin Schiff Day Schools of Tomorrow Inc

Analysis

Hershorin Schiff Day Schools of Tomorrow Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in August 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, Hershorin Schiff Day Schools of Tomorrow Inc reported income of $6.1m and spending of $5.3m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $6.1m (+79%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 83%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hershorin Schiff Day Schools of Tomorrow Inc sits at the 91st 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 94th percentile within FL. Charities of a similar size with the same main cause include National Centers for Learning Excellence Inc ($6.1m), St Johns Community Child Development Center ($6.1m) and Ancona School Society ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $243k (4.6% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $11.6m against liabilities of $5.6m, net assets of $6.0m. It reported 131 employees.