Great Oaks Charter School

Analysis

Great Oaks Charter School is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in October 2014, 12 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, Great Oaks Charter School reported income of $53.3m and spending of $55.7m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.5m to $53.3m (+64%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Great Oaks Charter School 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 99th percentile within NJ. Charities of a similar size with the same main cause include Haverford School ($53.3m), Achievement First Rhode Island ($53.4m) and Lubbock Christian University ($53.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $2.6m (4.6% of expenses). Other salaries and wages came to $20.7m. At year end it held assets of $19.2m against liabilities of $1.4m, net assets of $17.8m. It reported 75 employees.