The Gramercy School

Analysis

The Gramercy School is a registered charity in United States, based in Newport, NC. It received its IRS tax-exemption ruling in February 1990, 36 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 July 2024, The Gramercy School reported income of $2.1m and spending of $2.1m, spending 99% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $1.1m to $2.1m (+95%), an average of +14% a year. The sharpest change came in the year to July 2021, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Gramercy School sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Progressive Abilities Support Services Inc ($2.1m), Two Rivers Community School ($2.1m) and Dalton State College Foundation Inc ($2.1m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 2.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $143k (6.9% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $854k against liabilities of $56k, net assets of $798k. It reported 76 employees.