Charter-Tech High School for the Performing Arts Inc

Analysis

Charter-Tech High School for the Performing Arts Inc is a registered charity in United States, based in Somers Point, NJ. It received its IRS tax-exemption ruling in December 1997, 29 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, Charter-Tech High School for the Performing Arts Inc reported income of $10.3m and spending of $8.0m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $10.3m (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charter-Tech High School for the Performing Arts Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Cheder Toras Zev ($10.3m), Atlantic Shores Christian School ($10.3m) and Integrity Educational Services ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $4.7m. At year end it held assets of $13.9m against liabilities of $5.4m, net assets of $8.5m. It reported 87 employees.