Success Academy Charter Schools - NYC

Analysis

Success Academy Charter Schools - NYC is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2009, 17 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, Success Academy Charter Schools - NYC reported income of $417.6m and spending of $353.0m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $297.3m to $417.6m (+40%), an average of +8.9% a year. The sharpest change came in the year to June 2021, when income rose by 17%. 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, Success Academy Charter Schools - NYC sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Association of University Physicians ($415.2m), Commonwealth Charter Academy Charter School ($420.8m) and University of Nebraska Foundation ($413.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Other salaries and wages came to $150.1m. At year end it held assets of $305.8m against liabilities of $68.0m, net assets of $237.9m. It reported 3,887 employees.