Egremont Schools Inc

Analysis

Egremont Schools Inc is a registered charity in United States, based in Chatsworth, CA. It received its IRS tax-exemption ruling in November 1966, 60 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 2023, Egremont Schools Inc reported income of $1.9m and spending of $2.2m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $1.9m (-4.9%), an average of -1.3% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Egremont Schools Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Community Council Education Services Inc ($1.9m), Fenway Library Organization Inc ($1.9m) and Palisades Jewish Early Childhood Center Chabad Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $329k (15% of expenses). Other salaries and wages came to $881k. At year end it held assets of $3.3m against liabilities of $2.8m, net assets of $455k. It reported 23 employees.