Math Engineering and Science Academy Charter High School

Analysis

Math Engineering and Science Academy Charter High School is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 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, Math Engineering and Science Academy Charter High School reported income of $11.4m and spending of $10.9m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $9.2m to $11.4m (+23%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Math Engineering and Science Academy Charter High 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 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Discovery Academy of Lake Alfred Inc ($11.4m), The TSTC Foundation ($11.4m) and Auxiliary Services Foundation ($11.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $711k (6.5% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $6.8m against liabilities of $556k, net assets of $6.3m. It reported 103 employees.