Our World Neighborhood Charter School

Analysis

Our World Neighborhood Charter School is a registered charity in United States, based in Astoria, NY. It received its IRS tax-exemption ruling in October 2001, 25 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, Our World Neighborhood Charter School reported income of $27.6m and spending of $29.3m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.6m to $27.6m (+77%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Our World Neighborhood Charter School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Lsny Bronx Corporation ($27.6m), Spring Hill College ($27.6m) and George Stone Adventist School ($27.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $707k (2.4% of expenses). Other salaries and wages came to $14.0m. At year end it held assets of $52.5m against liabilities of $51.8m, net assets of $730k. It reported 213 employees.