Ember Charter School for Mindful Education Innovation & Transformat

Analysis

Ember Charter School for Mindful Education Innovation & Transformat is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2012, 14 years ago. 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, Ember Charter School for Mindful Education Innovation & Transformat reported income of $10.7m and spending of $14.2m, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.2m to $10.7m (+5.3%), an average of +1.3% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ember Charter School for Mindful Education Innovation & Transformat sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Hope Chicago Inc ($10.7m), Robert a Pascal Youth & Family Services Inc ($10.7m) and Brownell Talbot School ($10.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $1.4m (10% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $13.6m against liabilities of $12.9m, net assets of $700k. It reported 137 employees.