Hynes Charter School Corporation

Analysis

Hynes Charter School Corporation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in June 2008, 18 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, Hynes Charter School Corporation reported income of $26.1m and spending of $20.3m, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $9.6m to $26.1m (+173%), an average of +40% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hynes Charter School Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within LA. Charities of a similar size with the same main cause include Baptist Memorial College of Health Sciences Inc ($26.1m), Cardinal Services Inc of Indiana ($26.1m) and Maine College of Art ($26.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $713k (3.5% of expenses). At year end it held assets of $14.4m against liabilities of $1.6m, net assets of $12.8m. It reported 286 employees.