Amani Public Charter School

Analysis

Amani Public Charter School is a registered charity in United States, based in Mount Vernon, NY. It received its IRS tax-exemption ruling in May 2012, 14 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, Amani Public Charter School reported income of $7.6m and spending of $8.3m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.1m to $7.6m (+6.8%), an average of +1.7% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Amani Public Charter School 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 92nd percentile within NY. Charities of a similar size with the same main cause include Ivy Preparatory Academy Incorporated ($7.6m), Kelley Executive Education Foundation Inc ($7.6m) and Association of Research Libraries ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $222k (2.7% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $8.7m against liabilities of $7.5m, net assets of $1.2m. It reported 88 employees.