Friends Of@prospect Schools Ny Inc

Analysis

Friends Of@prospect Schools Ny Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends Of@prospect Schools Ny Inc reported income of $14.9m and spending of $13.9m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $14.9m (+659%), an average of +66% a year. The sharpest change came in the year to June 2020, when income rose by 212%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends Of@prospect Schools Ny Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Friends of Breakthrough Schools ($14.9m), Collective for Youth ($14.9m) and Shema Kolainu-Hear Our Voices ($14.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.9% and program service revenue 91% of the total. At year end it held assets of $170.9m against liabilities of $167.9m, net assets of $3.0m.