Tep Charter School Assistance Inc

Analysis

Tep Charter School Assistance Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tep Charter School Assistance Inc reported income of $1.6m and spending of $1.9m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $1.6m (-9.2%), an average of -2.4% a year. The sharpest change came in the year to June 2020, when income dropped by 21%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tep Charter School Assistance Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Organ Donation and Transplantation Alliance ($1.6m), Auburn Public Library ($1.6m) and Open Discourse Coalition ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.8% and program service revenue 92% of the total. At year end it held assets of $32.3m against liabilities of $28.1m, net assets of $4.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.