Brooklyn Prospect Charter School

Analysis

Brooklyn Prospect Charter School is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2009, 17 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, Brooklyn Prospect Charter School reported income of $60.5m and spending of $65.1m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.0m to $60.5m (+89%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brooklyn Prospect Charter School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Firstline Schools Inc ($60.4m), Columbia International University ($60.5m) and Potomac School ($60.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.0% and program service revenue 92% of the total. Other salaries and wages came to $28.7m. At year end it held assets of $216.7m against liabilities of $207.6m, net assets of $9.2m. It reported 545 employees.