Pave Academy Charter School

Analysis

Pave Academy Charter School is a registered charity in United States, based in Brooklyn, 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 2024, Pave Academy Charter School reported income of $12.0m and spending of $11.7m, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $9.6m to $12.0m (+25%), an average of +4.5% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pave Academy Charter School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Legacy Traditional School-East Mesa ($12.0m), Vacaville Christian Academy ($12.0m) and Citizens Committee for Education ($12.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $531k (4.6% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $9.9m against liabilities of $581k, net assets of $9.3m. It reported 119 employees.