University Academy Charter High School

Analysis

University Academy Charter High School is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in November 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, University Academy Charter High School reported income of $13.3m and spending of $10.4m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.8m to $13.3m (+70%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University Academy Charter High School sits at the 95th 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 Universal Institute Charter School ($13.3m), Medtech Innovator ($13.3m) and East Wake First Charter School ($13.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $837k (8.0% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $11.3m against liabilities of $4.7m, net assets of $6.6m. It reported 69 employees.