Icahn Charter School 6

Analysis

Icahn Charter School 6 is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in July 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, Icahn Charter School 6 reported income of $7.5m and spending of $8.0m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $7.5m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Icahn Charter School 6 sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Morehead Scholarship Foundation ($7.5m), Lake Tahoe School ($7.5m) and University Lake School Inc ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $428k (5.3% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $5.9m against liabilities of $3.8m, net assets of $2.1m. It reported 64 employees.