Ad Prima Charter School

Analysis

Ad Prima Charter School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2005, 21 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, Ad Prima Charter School reported income of $12.6m and spending of $11.5m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.5m to $12.6m (+49%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ad Prima 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 95th percentile within PA. Charities of a similar size with the same main cause include James Barry Robinson Home for Boys Trust ($12.6m), Nevada Health and Bioscience Asset Corporation ($12.6m) and Horatio Alger Endowment Fund ($12.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $257k (2.2% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $9.3m against liabilities of $7.6m, net assets of $1.7m. It reported 97 employees.