Sam & Esther Minskoff Cultural Center Park East Day School Inc

Analysis

Sam & Esther Minskoff Cultural Center Park East Day School Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1973, 53 years ago. 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, Sam & Esther Minskoff Cultural Center Park East Day School Inc reported income of $6.8m and spending of $7.0m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.3m to $6.8m (-18%), an average of -4.7% a year. The sharpest change came in the year to June 2021, when income dropped by 22%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sam & Esther Minskoff Cultural Center Park East Day School Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Leo a Hoffmann Center Inc ($6.8m), Coastal Opportunities ($6.8m) and Habitat for Humanity International Inc ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $504k (7.2% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $8.5m against liabilities of $5.8m, net assets of $2.8m. It reported 76 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.