Universal Institute Charter School

Analysis

Universal Institute Charter School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1999, 27 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, Universal Institute Charter School reported income of $13.3m and spending of $13.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.5m to $13.3m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Universal Institute Charter School sits at the 95th 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 East Wake First Charter School ($13.3m), University Academy Charter High School ($13.3m) and New Vision Charter School ($13.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 60% of the total. Other salaries and wages came to $6.3m. At year end it held assets of $5.5m against liabilities of $8.0m, net assets of -$2.5m. It reported 149 employees.