True North Rochester Preparatorycharter School

Analysis

True North Rochester Preparatorycharter School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 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, True North Rochester Preparatorycharter School reported income of $50.2m and spending of $49.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $36.4m to $50.2m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, True North Rochester Preparatorycharter School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Faculty Students Association of State University of New York ($50.1m), American Charter Schools Foundation ($50.3m) and America Can ($50.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $331k (0.7% of expenses). Other salaries and wages came to $19.5m. At year end it held assets of $84.3m against liabilities of $49.8m, net assets of $34.5m. It reported 389 employees.