Friends of Team Academy Charter School a New Jersey Non-Profit Org

Analysis

Friends of Team Academy Charter School a New Jersey Non-Profit Org is a registered charity in United States, based in Newark, NJ. 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, Friends of Team Academy Charter School a New Jersey Non-Profit Org reported income of $15.2m and spending of $11.1m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.8m to $15.2m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Team Academy Charter School a New Jersey Non-Profit Org sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Yaldeinu School Inc ($15.2m), Warner Pacific University ($15.2m) and Hawthorn Academy ($15.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 91% of the total. At year end it held assets of $232.3m against liabilities of $172.9m, net assets of $59.4m.