Williamsburg Charter School

Analysis

Williamsburg Charter School is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2004, 22 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, Williamsburg Charter School reported income of $20.4m and spending of $20.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.7m to $20.4m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Williamsburg 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 96th percentile within NY. Charities of a similar size with the same main cause include Maine Dartmouth Medicine Residency ($20.4m), Kipp Philadelphia Charter School ($20.4m) and Naf ($20.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $483k (2.4% of expenses). Other salaries and wages came to $9.8m. At year end it held assets of $65.9m against liabilities of $56.8m, net assets of $9.1m. It reported 174 employees.