Academy of the City Charter School

Analysis

Academy of the City Charter School is a registered charity in United States, based in Woodside, NY. 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, Academy of the City Charter School reported income of $16.6m and spending of $17.9m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.8m to $16.6m (+113%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 34%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy of the City Charter School 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 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Fort Hays State University Foundation ($16.5m), University School of Jackson ($16.6m) and Hopeful Journeys Educational Center Inc ($16.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $220k (1.2% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $43.1m against liabilities of $42.3m, net assets of $828k. It reported 117 employees.