Dr Lena Edwards Charter School

Analysis

Dr Lena Edwards Charter School is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in August 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, Dr Lena Edwards Charter School reported income of $10.4m and spending of $9.5m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $10.4m (+77%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 35%. 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, Dr Lena Edwards Charter School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Academy at the Lakes Inc ($10.4m), Cardinal McCloskey Community Charter School ($10.4m) and Community Leadership Academy Inc ($10.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $400k (4.2% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $5.8m against liabilities of $923k, net assets of $4.9m. It reported 79 employees.