Booker T Washington Academy

Analysis

Booker T Washington Academy is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in May 2014, 12 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, Booker T Washington Academy reported income of $7.4m and spending of $7.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $7.4m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Booker T Washington Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include Monterey Bay Charter School ($7.4m), Goddard College Corporation ($7.4m) and Discovery Charter School Group ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Other salaries and wages came to $4.2m. At year end it held assets of $3.6m against liabilities of $1.2m, net assets of $2.4m. It reported 122 employees.