Hyde Leadership Charter School-Brooklyn

Analysis

Hyde Leadership Charter School-Brooklyn is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 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, Hyde Leadership Charter School-Brooklyn reported income of $12.5m and spending of $14.0m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.0m to $12.5m (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hyde Leadership Charter School-Brooklyn sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Green Woods Charter School ($12.5m), CPM Educational Program ($12.5m) and Big Ten Academic Alliance ($12.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $576k (4.1% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $32.7m against liabilities of $31.2m, net assets of $1.5m. It reported 110 employees.