National Summer School Initiative Inc

Analysis

National Summer School Initiative Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 August 2023, National Summer School Initiative Inc reported income of $3.8m and spending of $2.7m, leaving 30% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income grew from $3.6m to $3.8m (+6.1%), an average of +6.1% a year. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, National Summer School Initiative Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Presidio Theatre ($3.8m), Peak Grantmaking Inc ($3.8m) and Innovia Ignite Foundation ($3.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $265k (9.9% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.6m against liabilities of $152k, net assets of $2.5m. It reported 11 employees.