William Penn Charter School Inc

Analysis

William Penn Charter School Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1986, 40 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, William Penn Charter School Inc reported income of $78.4m and spending of $52.4m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $44.7m to $78.4m (+75%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, William Penn Charter School Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Kipp Foundation ($78.3m), Ascendium Education Group Inc ($78.4m) and Mastery Schools of Camden Inc ($78.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $1.4m (2.6% of expenses). Other salaries and wages came to $18.7m. At year end it held assets of $249.6m against liabilities of $71.4m, net assets of $178.2m. It reported 263 employees.