Marion P Thomas Charter High School Education Association a NJ Nonprof

Analysis

Marion P Thomas Charter High School Education Association a NJ Nonprof is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in March 1999, 27 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, Marion P Thomas Charter High School Education Association a NJ Nonprof reported income of $41.4m and spending of $37.5m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.4m to $41.4m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marion P Thomas Charter High School Education Association a NJ Nonprof sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Air & Space Forces Association ($41.2m), Lake Charles Charter Academy Foundation Inc ($41.4m) and Project Kitty Hawk Inc ($41.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $2.5m (6.6% of expenses). Other salaries and wages came to $13.4m. At year end it held assets of $19.5m against liabilities of $1.0m, net assets of $18.5m. It reported 256 employees.