Science Academies of New York Charter Schools

Analysis

Science Academies of New York Charter Schools is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in June 2003, 23 years ago. 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, Science Academies of New York Charter Schools reported income of $50.7m and spending of $41.6m, spending 82% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $28.1m to $50.7m (+80%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Science Academies of New York Charter Schools 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 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Los Angeles Centers for Alcohol and Drug Abuse ($50.6m), Ontario Educational Communications Authority ($50.7m) and Nysarc Inc ($50.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $519k (1.2% of expenses). Other salaries and wages came to $22.2m. At year end it held assets of $65.8m against liabilities of $14.7m, net assets of $51.1m. It reported 539 employees.