Teaneck Community Charter School a New Jersey Nonprofit Corporation

Analysis

Teaneck Community Charter School a New Jersey Nonprofit Corporation is a registered charity in United States, based in Teaneck, NJ. It received its IRS tax-exemption ruling in August 1998, 28 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, Teaneck Community Charter School a New Jersey Nonprofit Corporation reported income of $9.3m and spending of $8.7m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.9m to $9.3m (+34%), an average of +7.5% a year. 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, Teaneck Community Charter School a New Jersey Nonprofit Corporation 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 Worcester Preparatory School Inc ($9.3m), Pacific East Quality Education ($9.3m) and Ben Porat Yosef Inc ($9.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $664k (7.6% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $3.9m against liabilities of $1.7m, net assets of $2.2m. It reported 102 employees.