Icahn Charter School 7

Analysis

Icahn Charter School 7 is a registered charity in United States, based in The Bronx, NY. It received its IRS tax-exemption ruling in September 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 7 reported income of $6.6m and spending of $5.5m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $6.6m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 92% 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 7 sits at the 91st percentile: it is larger than about 91% 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 Athletic Foundation of the Univ of North Carolina at Charlotte ($6.5m), Shepherds Ministries Inc ($6.6m) and W a Y Widening Advancements for Youth ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $389k (7.1% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $4.1m against liabilities of $873k, net assets of $3.2m. It reported 71 employees.