Rochester Academy Charter School

Analysis

Rochester Academy Charter School is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in December 2008, 18 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, Rochester Academy Charter School reported income of $15.1m and spending of $12.9m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.3m to $15.1m (+83%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rochester Academy Charter School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Texas Tribune Inc ($15.1m), Pine School Inc ($15.1m) and Southern Nevada Culinary and Bartenders Training Fund a Trust ($15.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $290k (2.2% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $19.5m against liabilities of $6.4m, net assets of $13.1m. It reported 225 employees.