Bronx Charter School for Excellence

Analysis

Bronx Charter School for Excellence is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in September 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, Bronx Charter School for Excellence reported income of $59.1m and spending of $53.9m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.5m to $59.1m (+123%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bronx Charter School for Excellence sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Detroit Country Day School ($59.0m), Kennesaw State University Foundation Inc ($59.1m) and Peddie School ($59.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $1.4m (2.6% of expenses). Other salaries and wages came to $18.5m. At year end it held assets of $162.2m against liabilities of $111.0m, net assets of $51.2m. It reported 361 employees.