Bronx Academy of Promise Charter School

Analysis

Bronx Academy of Promise Charter School is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in December 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, Bronx Academy of Promise Charter School reported income of $14.4m and spending of $14.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.3m to $14.4m (+28%), an average of +6.3% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bronx Academy of Promise 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 Greene School Inc ($14.4m), Mott Haven Academy Charter School ($14.4m) and University of Northern Colorado Foundation Inc ($14.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $183k (1.3% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $28.1m against liabilities of $17.8m, net assets of $10.3m. It reported 132 employees.