Choice Charter School

Analysis

Choice Charter School is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in November 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, Choice Charter School reported income of $6.8m and spending of $7.0m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.5m to $6.8m (+5.6%), an average of +1.4% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Choice Charter School sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Lead Charter School Inc ($6.8m), Elan Academy Inc ($6.8m) and Carrabassett Valley Academy ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $179k (2.6% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $8.5m against liabilities of $7.0m, net assets of $1.5m. It reported 68 employees.