21st Century Cyber Charter School

Analysis

21st Century Cyber Charter School is a registered charity in United States, based in West Chester, PA. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, 21st Century Cyber Charter School reported income of $21.2m and spending of $21.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.2m to $21.2m (+10%), an average of +2.4% a year. The sharpest change came in the year to June 2021, when income rose by 75%. 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, 21st Century Cyber 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 97th percentile within PA. Charities of a similar size with the same main cause include Cristo Rey Network ($21.2m), Meadowbrook School of Weston Incorporated ($21.2m) and Americans for Ben-Gurion University Inc ($21.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% and program service revenue 103% of the total. Compensation of current officers, directors and key employees was $491k (2.3% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $42.6m against liabilities of $34.9m, net assets of $7.7m. It reported 191 employees.