Success Academy Charter Schools Inc

Analysis

Success Academy Charter Schools Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2007, 19 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, Success Academy Charter Schools Inc reported income of $143.9m and spending of $123.0m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $79.3m to $143.9m (+81%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 90%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Success Academy Charter Schools Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Eckerd College ($143.9m), Messiah University ($144.4m) and Morehouse College ($141.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $3.0m (2.5% of expenses). Other salaries and wages came to $53.2m. At year end it held assets of $362.6m against liabilities of $162.0m, net assets of $200.6m. It reported 589 employees.