Sankofa Freedom Academy Charter School

Analysis

Sankofa Freedom Academy Charter School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2009, 17 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, Sankofa Freedom Academy Charter School reported income of $13.0m and spending of $12.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.3m to $13.0m (+40%), an average of +8.9% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sankofa Freedom Academy Charter School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Sigsbee Charter School Inc ($13.0m), Integrow Numeracy Solutions ($13.0m) and Stockton Collegiate International Schools ($13.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $519k (4.1% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $12.1m against liabilities of $5.4m, net assets of $6.7m. It reported 128 employees.