Mastery Charter School - Harrity Elementary

Analysis

Mastery Charter School - Harrity Elementary is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 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, Mastery Charter School - Harrity Elementary reported income of $15.9m and spending of $14.1m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.4m to $15.9m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mastery Charter School - Harrity Elementary sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Fort Worth Christian School Inc ($15.9m), Kuumba Academy Charter School Inc ($15.9m) and Lowes Foundation ($15.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $430k (3.0% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $10.0m against liabilities of $8.8m, net assets of $1.2m. It reported 106 employees.