Icahn Charter School 4

Analysis

Icahn Charter School 4 is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in March 2011, 15 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, Icahn Charter School 4 reported income of $6.9m and spending of $7.7m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.0m to $6.9m (-43%), an average of -13% a year. The sharpest change came in the year to June 2020, when income dropped by 55%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Icahn Charter School 4 sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Legacy Traditional School-Goodyear ($6.9m), Manna Cafe Ministries ($6.9m) and Emerge Fellowship ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.9% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $436k (5.6% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $8.2m against liabilities of $1.6m, net assets of $6.6m. It reported 68 employees.