Icahn Charter School 2

Analysis

Icahn Charter School 2 is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in November 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, Icahn Charter School 2 reported income of $6.5m and spending of $6.8m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $6.5m (+22%), an average of +5.2% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Icahn Charter School 2 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 In Medias Res ($6.5m), Florida Polytechnic University Foundation Inc ($6.5m) and Meor Inc ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.6% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $542k (7.9% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $3.6m against liabilities of $1.3m, net assets of $2.3m. It reported 64 employees.