Friends of Teaneck Community Charter School Inc

Analysis

Friends of Teaneck Community Charter School Inc is a registered charity in United States, based in Teaneck, NJ. It received its IRS tax-exemption ruling in March 2000, 26 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 Teaneck Community Charter School Inc reported income of $873k and spending of $969k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $873k (-16%), an average of -4.4% a year. The sharpest change came in the year to June 2020, when income dropped by 16%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Teaneck Community Charter School Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Hays Area Childrens Center Inc ($873k), We Care Support Services ($873k) and Service Oriented Aviation Readiness S O a R ($872k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% of the total. At year end it held assets of $11.2m against liabilities of $12.7m, net assets of -$1.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.