Constellation Schools Old Brooklyn Community Elementary

Analysis

Constellation Schools Old Brooklyn Community Elementary is a registered charity in United States, based in Parma, OH. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Constellation Schools Old Brooklyn Community Elementary reported income of $4.6m and spending of $3.6m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $4.6m (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Constellation Schools Old Brooklyn Community Elementary sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Folds of Honor Foundation ($4.6m), Wilkes Community College Foundation Inc ($4.6m) and Northern Academy of the Arts ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 6.2% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $11.5m against liabilities of $11.7m, net assets of -$224k. It reported 39 employees.