Friends of Beloved Community Charter School 2 Inc

Analysis

Friends of Beloved Community Charter School 2 Inc is a registered charity in United States, based in N Arlington, NJ. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Beloved Community Charter School 2 Inc reported income of $2.5m and spending of $2.8m, spending 113% of what it took in. Across the 3 years on record, from December 2019 to June 2023, income grew from $904k to $2.5m (+177%), an average of +66% a year. The sharpest change came in the year to June 2021, when income rose by 124%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Beloved Community Charter School 2 Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Tooney Town Early Learning Center Inc ($2.5m), Lincoln University ($2.5m) and Riverway Learning Community ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $37.1m against liabilities of $37.7m, net assets of -$653k.