Grover Cleveland-Mastery Charter School

Analysis

Grover Cleveland-Mastery Charter School is a registered charity in United States, based in Philadelphia, PA. 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, Grover Cleveland-Mastery Charter School reported income of $14.7m and spending of $12.3m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.6m to $14.7m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2022, when income rose by 18%. 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, Grover Cleveland-Mastery Charter School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Village Tech Schools ($14.7m), Eastern Virginia Medical School Foundation ($14.7m) and Atlanta Jewish Academy Inc ($14.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $220k (1.8% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $9.3m against liabilities of $3.5m, net assets of $5.8m. It reported 93 employees.