New York City Charter School of the Arts

Analysis

New York City Charter School of the Arts is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2016, 10 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, New York City Charter School of the Arts reported income of $6.0m and spending of $6.6m, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $6.7m to $6.0m (-9.6%), an average of -3.3% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New York City Charter School of the Arts sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Circle Foundation ($6.0m), The Red Oaks School Inc ($6.0m) and Greaswood Springs Community School Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $308k (4.7% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $9.0m against liabilities of $7.2m, net assets of $1.8m. It reported 56 employees.