East Harlem Scholars Academy

Analysis

East Harlem Scholars Academy is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 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, East Harlem Scholars Academy reported income of $35.3m and spending of $38.8m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.1m to $35.3m (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, East Harlem Scholars Academy sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Valor Collegiate Academies ($35.2m), Unicare Community Health Center Inc ($35.3m) and Odyssey Preparatory Academy Inc ($35.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $525k (1.4% of expenses). Other salaries and wages came to $18.7m. At year end it held assets of $62.7m against liabilities of $59.0m, net assets of $3.7m. It reported 333 employees.