The Fay School

Analysis

The Fay School is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 1991, 35 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, The Fay School reported income of $10.8m and spending of $8.4m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.0m to $10.8m (+20%), an average of +4.6% a year. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Fay School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include National Minority Quality Forum Inc ($10.8m), Turning Point Inc ($10.8m) and LA Salle Community Action Association Inc ($10.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.1% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $498k (5.9% of expenses). Other salaries and wages came to $3.4m. It paid $6,142 in professional fundraising fees. At year end it held assets of $30.5m against liabilities of $9.0m, net assets of $21.5m. It reported 117 employees.