King Center Charter School

Analysis

King Center Charter School is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in December 2000, 26 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 2024, King Center Charter School reported income of $6.0m and spending of $6.9m, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $6.2m to $6.0m (-2.7%), an average of -0.7% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, King Center Charter School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Willard Library ($6.0m), Sage Ridge School ($6.0m) and Childrens Choice Learning Connection Inc ($6.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $334k (4.8% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $7.7m against liabilities of $887k, net assets of $6.8m. It reported 96 employees.