Belmont Charter School

Analysis

Belmont Charter School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 2003, 23 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, Belmont Charter School reported income of $23.1m and spending of $21.4m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.8m to $23.1m (+57%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Belmont Charter School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include New Paradigm for Education Inc ($23.1m), Pulaski Academy ($23.2m) and Evergreen School ($23.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $957k (4.5% of expenses). Other salaries and wages came to $8.7m. At year end it held assets of $7.4m against liabilities of $9.8m, net assets of -$2.4m. It reported 255 employees.