Maria L Varisco-Rogers Charter School

Analysis

Maria L Varisco-Rogers Charter School is a registered charity in United States, based in Newark, 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, Maria L Varisco-Rogers Charter School reported income of $12.5m and spending of $10.3m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.8m to $12.5m (-2.1%), an average of -0.5% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maria L Varisco-Rogers Charter School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Beyond 12 Education Inc ($12.5m), Family Enrichment Network Inc ($12.5m) and Irvington Community School Inc ($12.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $586k (5.7% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $9.7m against liabilities of $6.8m, net assets of $2.9m. It reported 92 employees.