Future Leaders Institute Charter School

Analysis

Future Leaders Institute Charter School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2006, 20 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 2024, Future Leaders Institute Charter School reported income of $6.7m and spending of $6.5m, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $7.1m to $6.7m (-5.7%), an average of -1.2% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Future Leaders Institute 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 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Imagine Prep Coolidge Inc ($6.7m), Black Girls Code Inc ($6.7m) and Sioux Center Christian School ($6.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $442k (6.8% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $6.9m against liabilities of $1.9m, net assets of $5.0m. It reported 62 employees.