87 Afterschool Inc

Analysis

87 Afterschool Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, 87 Afterschool Inc reported income of $1.4m and spending of $1.2m, spending 88% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.0m to $1.4m (+30%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 86% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, 87 Afterschool Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Eugene Metro FC Inc ($1.4m), Police Athletic League of Buffalo Inc ($1.4m) and The Boys & Girls Club of Washington County ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $95k (8.0% of expenses). Other salaries and wages came to $411k. At year end it held assets of $1.0m against liabilities of $678k, net assets of $339k. It reported 56 employees.