Homestead School Sullivan

Analysis

Homestead School Sullivan is a registered charity in United States, based in Glen Spey, NY. It received its IRS tax-exemption ruling in February 2022, 4 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 2024, Homestead School Sullivan reported income of $3.3m and spending of $3.4m, spending 105% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $2.7m to $3.3m (+20%), an average of +9.6% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Homestead School Sullivan sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Jamestown Community College Foundation Inc ($3.3m), Bellingham Christian School Inc ($3.3m) and Alumni Assoc of the Roman Catholic High School of Philadelphia ($3.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $317k (9.2% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $820k against liabilities of $707k, net assets of $114k. It reported 84 employees.