Genesee Community Charter School

Analysis

Genesee Community Charter School is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in January 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, Genesee Community Charter School reported income of $3.5m and spending of $3.9m, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.3m to $3.5m (+6.4%), an average of +2.1% a year. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Genesee Community Charter School sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include C S Lewis Academy ($3.5m), Carpe Diem Academy Corporation ($3.5m) and South Dakota Education Equity Coalition ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $67k (1.7% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $2.2m against liabilities of $963k, net assets of $1.2m. It reported 61 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.