LA Cima Charter School

Analysis

LA Cima Charter School is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2010, 16 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, LA Cima Charter School reported income of $4.8m and spending of $4.4m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $6.0m to $4.8m (-20%), an average of -7.1% a year. The sharpest change came in the year to June 2021, when income dropped by 17%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, LA Cima Charter School sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Cheder Chabad - Philadelphia ($4.8m), Veritas Academy Inc ($4.8m) and Franklin News Foundation ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $355k (8.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $2.8m against liabilities of $356k, net assets of $2.5m. It reported 31 employees.