School Lane Charter School

Analysis

School Lane Charter School is a registered charity in United States, based in Bensalem, 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, School Lane Charter School reported income of $24.3m and spending of $21.5m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.4m to $24.3m (+19%), an average of +4.5% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, School Lane 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 97th percentile within PA. Charities of a similar size with the same main cause include Accel ($24.3m), Open Up Resources ($24.5m) and American Academy of Dramatic Arts ($24.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $292k (1.4% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $54.8m against liabilities of $48.0m, net assets of $6.8m. It reported 239 employees.