Freire Charter School

Analysis

Freire Charter School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 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, Freire Charter School reported income of $20.6m and spending of $20.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.8m to $20.6m (+31%), an average of +6.9% a year. 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, Freire Charter School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Randolph Macon Academy ($20.6m), Wichita Collegiate School ($20.6m) and Westover School Inc ($20.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $262k (1.3% of expenses). Other salaries and wages came to $9.0m. At year end it held assets of $16.9m against liabilities of $16.9m, net assets of -$6,584. It reported 184 employees.