Tapestry Charter School

Analysis

Tapestry Charter School is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in January 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, Tapestry Charter School reported income of $20.2m and spending of $19.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.8m to $20.2m (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tapestry Charter School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Siatech Inc ($20.2m), Schools for Children Inc ($20.2m) and Wissahickon Charter School ($20.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $180k (0.9% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $42.8m against liabilities of $35.1m, net assets of $7.7m. It reported 290 employees.