Harlem Village Academies Charter Schools

Analysis

Harlem Village Academies Charter Schools is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2003, 23 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, Harlem Village Academies Charter Schools reported income of $21.6m and spending of $23.1m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.8m to $21.6m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harlem Village Academies Charter Schools sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Bayside Academy Inc ($21.6m), Alumni Association of the University of Michigan ($21.6m) and Forty-Niner Shops Inc ($21.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $812k (3.5% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $19.0m against liabilities of $16.9m, net assets of $2.1m. It reported 187 employees.