The New York City Center for Charter School Excellence

Analysis

The New York City Center for Charter School Excellence is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The New York City Center for Charter School Excellence reported income of $6.6m and spending of $5.8m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $6.6m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2022, when income rose by 117%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The New York City Center for Charter School Excellence 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 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Shepherds Ministries Inc ($6.6m), Towers Home Care and Rehabilitation Services Inc ($6.6m) and Icahn Charter School 7 ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $903k (16% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $15.4m against liabilities of $2.3m, net assets of $13.2m. It reported 22 employees.