Hoboken Charter School Inc

Analysis

Hoboken Charter School Inc is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in November 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, Hoboken Charter School Inc reported income of $5.9m and spending of $5.6m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.4m to $5.9m (+8.9%), an average of +2.9% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hoboken Charter School Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Shining Stars Montessori Academy Public Charter School ($5.9m), Washington Academy ($5.9m) and Polaris Charter Academy ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. Other salaries and wages came to $3.1m. At year end it held assets of $6.4m against liabilities of $3.6m, net assets of $2.9m. It reported 69 employees.