Central Queens Academy Charter School

Analysis

Central Queens Academy Charter School is a registered charity in United States, based in Elmhurst, NY. It received its IRS tax-exemption ruling in January 2012, 14 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, Central Queens Academy Charter School reported income of $18.9m and spending of $17.3m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.7m to $18.9m (+94%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 55%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central Queens Academy Charter School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Tatnall School Inc ($18.9m), NMC Inc ($18.9m) and German School of Silicon Valley ($18.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $736k (4.2% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $104.8m against liabilities of $90.6m, net assets of $14.2m. It reported 113 employees.