Jersey City Community Charter School

Analysis

Jersey City Community Charter School is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in June 2003, 23 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, Jersey City Community Charter School reported income of $16.7m and spending of $11.1m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.5m to $16.7m (+75%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jersey City Community Charter School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Metro Early College High School ($16.7m), Legacy Traditional School-Casa Grande ($16.7m) and University of Akron Foundation ($16.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $298k (2.7% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $16.7m against liabilities of $14.8m, net assets of $1.9m. It reported 120 employees.