Queen City Academy Charter School Inc

Analysis

Queen City Academy Charter School Inc is a registered charity in United States, based in Plainfield, NJ. It received its IRS tax-exemption ruling in September 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, Queen City Academy Charter School Inc reported income of $10.0m and spending of $7.5m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $10.0m (+76%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Queen City Academy Charter School Inc 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 Ieee Foundation Inc ($10.0m), Southwestern Christian College ($10.0m) and Renaissance Charter School 2 ($10.0m).

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 $500k (6.6% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $10.0m against liabilities of $2.8m, net assets of $7.3m. It reported 79 employees.