Boys Latin of Philadelphia Charter School

Analysis

Boys Latin of Philadelphia Charter School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2007, 19 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, Boys Latin of Philadelphia Charter School reported income of $16.8m and spending of $12.3m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.8m to $16.8m (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boys Latin of Philadelphia Charter School 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 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include The Pepin Academies Inc ($16.8m), Bridges Public Charter School ($16.8m) and Seiu 503 Training Partnership ($16.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $798k (6.5% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $19.4m against liabilities of $13.0m, net assets of $6.4m. It reported 136 employees.