Tacony Neighborhood Charter School

Analysis

Tacony Neighborhood Charter School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 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, Tacony Neighborhood Charter School reported income of $24.3m and spending of $23.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.0m to $24.3m (+52%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tacony Neighborhood Charter School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Kent State University Foundation ($24.3m), American Academy of Dramatic Arts ($24.3m) and California Institute of Advanced Management ($24.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $428k (1.8% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $36.9m against liabilities of $43.7m, net assets of -$6.8m. It reported 142 employees.