Bronx Charter School for the Arts

Analysis

Bronx Charter School for the Arts is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 2003, 23 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, Bronx Charter School for the Arts reported income of $14.2m and spending of $12.0m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.4m to $14.2m (+51%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bronx Charter School for the Arts sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include University of Houston Foundation ($14.2m), United States Deputy Sheriffs Association Inc ($14.2m) and College of Central Florida Foundation Inc ($14.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $402k (3.3% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $9.8m against liabilities of $1.7m, net assets of $8.2m. It reported 149 employees.