Thomas Edison Energy-Smart Charter School

Analysis

Thomas Edison Energy-Smart Charter School is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in September 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, Thomas Edison Energy-Smart Charter School reported income of $12.0m and spending of $12.2m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.2m to $12.0m (+67%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thomas Edison Energy-Smart Charter School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Center for Applied Behavioral Instruction Inc ($12.0m), Gilder Lehrman Institute of American History ($12.0m) and Harding Academy of Memphis Inc ($12.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $638k (5.2% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $13.6m against liabilities of $8.5m, net assets of $5.2m. It reported 82 employees.