Neighborhood Charter School of Harlem

Analysis

Neighborhood Charter School of Harlem is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2013, 13 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, Neighborhood Charter School of Harlem reported income of $31.6m and spending of $33.8m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.3m to $31.6m (+94%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 46%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Neighborhood Charter School of Harlem sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Duke Corporate Education ($31.5m), Ecmc Education Inc ($31.6m) and The O Farrell Charter Schools ($31.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $350k (1.0% of expenses). Other salaries and wages came to $14.6m. At year end it held assets of $108.9m against liabilities of $102.6m, net assets of $6.3m. It reported 258 employees.