Golden Door Charter School a New Jersey Nonprofit Corporation

Analysis

Golden Door Charter School a New Jersey Nonprofit Corporation is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in May 2002, 24 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, Golden Door Charter School a New Jersey Nonprofit Corporation reported income of $15.8m and spending of $9.9m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.1m to $15.8m (+95%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Golden Door Charter School a New Jersey Nonprofit Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Education Design Lab ($15.8m), Andrews Osborne Academy ($15.8m) and San Francisco Study Center Inc ($15.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $701k (7.1% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $13.3m against liabilities of $2.3m, net assets of $11.1m. It reported 93 employees.