Team Academy Charter School Inc

Analysis

Team Academy Charter School Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in January 2005, 21 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, Team Academy Charter School Inc reported income of $156.9m and spending of $150.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $92.6m to $156.9m (+70%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Team Academy Charter School Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NJ. Charities of a similar size with the same main cause include Niagara University ($156.3m), St John Fisher University ($157.1m) and Susquehanna University ($155.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Other salaries and wages came to $61.0m. At year end it held assets of $244.8m against liabilities of $222.1m, net assets of $22.7m. It reported 1,073 employees.