Western New York Maritime Charter School

Analysis

Western New York Maritime Charter School is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in September 2004, 22 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, Western New York Maritime Charter School reported income of $6.9m and spending of $7.7m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.5m to $6.9m (-8.4%), an average of -2.2% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Western New York Maritime Charter School sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Kansas State High School Activities Association ($6.9m), Congress Heights Community Training and Development Corporation ($6.9m) and National Center for the Improvement of Educational Assessment Inc ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $378k (4.9% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $7.8m against liabilities of $4.4m, net assets of $3.5m. It reported 149 employees.