Merrick Academy Queens Public Charter School

Analysis

Merrick Academy Queens Public Charter School is a registered charity in United States, based in Laurelton, NY. It received its IRS tax-exemption ruling in December 2002, 24 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, Merrick Academy Queens Public Charter School reported income of $12.9m and spending of $13.5m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.0m to $12.9m (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Merrick Academy Queens Public 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 94th percentile within NY. Charities of a similar size with the same main cause include Foxcroft Academy Trustees ($12.9m), Integrated Design Electronics Acade My Public Charter School ($12.9m) and National Congress of Parents and Teachers ($12.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.5% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $556k (4.1% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $7.6m against liabilities of $5.7m, net assets of $1.9m. It reported 139 employees.