Alliance for Progress Charter School Inc

Analysis

Alliance for Progress Charter School Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 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, Alliance for Progress Charter School Inc reported income of $10.4m and spending of $10.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.1m to $10.4m (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alliance for Progress Charter School Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Harmony Hill School Inc ($10.4m), Philadelphia Technician Training Inc ($10.4m) and Wilder Foundation ($10.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $5.0m. It paid $8,795 in professional fundraising fees. At year end it held assets of $4.5m against liabilities of $5.4m, net assets of -$859k. It reported 149 employees.