Pride Academy Charter School

Analysis

Pride Academy Charter School is a registered charity in United States, based in East Orange, NJ. It received its IRS tax-exemption ruling in May 2009, 17 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, Pride Academy Charter School reported income of $7.0m and spending of $6.1m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.6m to $7.0m (+26%), an average of +5.9% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pride Academy Charter School 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 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Kingdom Advisors Inc ($7.0m), Chicago Tech Academy ($7.0m) and Masada Charter School Inc ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $513k (8.4% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $3.9m against liabilities of $2.6m, net assets of $1.3m. It reported 54 employees.