Cristo Rey Brooklyn High School

Analysis

Cristo Rey Brooklyn High School is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cristo Rey Brooklyn High School reported income of $5.3m and spending of $5.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.4m to $5.3m (-1.9%), an average of -0.5% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cristo Rey Brooklyn High School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include The Stead School ($5.3m), Bay Farm Montessori Academy Inc ($5.3m) and The Community Young Mens Christian Association of Greenfield Mass ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $258k (5.0% of expenses). Other salaries and wages came to $2.4m. It paid $83k in professional fundraising fees. At year end it held assets of $18.6m against liabilities of $11.6m, net assets of $7.0m. It reported 66 employees.