Ie New York College

Analysis

Ie New York College is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2018, 8 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, Ie New York College reported income of $5.4m and spending of $5.5m, spending 102% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $1.4m to $5.4m (+296%), an average of +32% a year. The sharpest change came in the year to July 2021, when income rose by 312%. Over the whole period it spent 140% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ie New York College sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Clear Dot Charter School Columbia ($5.4m), Gold Rush Home Study Charter School ($5.4m) and Alcorn State University Foundation Incorporated ($5.4m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 94% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $2,243 (0.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $8.9m against liabilities of $10.1m, net assets of -$1.2m. It reported 34 employees.