Ideal School of Manhattan

Analysis

Ideal School of Manhattan is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2006, 20 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, Ideal School of Manhattan reported income of $18.5m and spending of $18.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $19.2m to $18.5m (-3.7%), an average of -0.9% a year. 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, Ideal School of Manhattan 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 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Crane School ($18.5m), South Texas Educational Technologies Inc ($18.5m) and Franklin Towne Charter Elementary School ($18.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $705k (3.8% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $23.7m against liabilities of $10.1m, net assets of $13.6m. It reported 163 employees.