Esperanza Academy Charter School

Analysis

Esperanza Academy Charter School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1998, 28 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, Esperanza Academy Charter School reported income of $34.7m and spending of $34.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.1m to $34.7m (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Esperanza Academy Charter School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Southern California Institute of Architecture ($34.7m), Thomas College ($34.7m) and Pelotonia ($34.7m).

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 $226k (0.7% of expenses). Other salaries and wages came to $15.4m. At year end it held assets of $77.1m against liabilities of $87.3m, net assets of -$10.2m. It reported 372 employees.