Beloved Community Charter School Inc

Analysis

Beloved Community Charter School Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in March 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, Beloved Community Charter School Inc reported income of $43.8m and spending of $40.6m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.2m to $43.8m (+209%), an average of +33% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beloved Community Charter School Inc 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 Overbrook School for the Blind ($43.8m), Pacific Union College ($43.9m) and Robert F Kennedy Community Alliance ($43.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Other salaries and wages came to $15.9m. At year end it held assets of $26.4m against liabilities of $2.0m, net assets of $24.4m. It reported 384 employees.