Icahn Charter School 3

Analysis

Icahn Charter School 3 is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 2010, 16 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, Icahn Charter School 3 reported income of $6.7m and spending of $6.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.0m to $6.7m (-45%), an average of -14% a year. The sharpest change came in the year to June 2020, when income dropped by 54%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Icahn Charter School 3 sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Knight First Amendment Institute at Columbia University ($6.7m), Sioux Center Christian School ($6.7m) and Frostburg State University Foundation ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $446k (6.7% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $12.1m against liabilities of $1.4m, net assets of $10.7m. It reported 68 employees.