The Community Charter School of Paterson Inc

Analysis

The Community Charter School of Paterson Inc is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in September 2011, 15 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, The Community Charter School of Paterson Inc reported income of $22.5m and spending of $20.8m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.8m to $22.5m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Community Charter School of Paterson Inc 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 98th percentile within NJ. Charities of a similar size with the same main cause include East Tennessee State University Foundation ($22.5m), Tikva Corp ($22.5m) and Eclc of NJ a New Jersey Non Profit Corporation ($22.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $1.1m (5.4% of expenses). Other salaries and wages came to $7.5m. At year end it held assets of $14.9m against liabilities of $1.4m, net assets of $13.5m. It reported 190 employees.