Memphis Street Academy Charter School at J P Jones

Analysis

Memphis Street Academy Charter School at J P Jones is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 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, Memphis Street Academy Charter School at J P Jones reported income of $11.8m and spending of $10.5m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.7m to $11.8m (-7.4%), an average of -1.9% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Memphis Street Academy Charter School at J P Jones sits at the 94th percentile: it is larger than about 94% 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 Bard College Berlin a Liberal Arts University GGMBH ($11.8m), Uncommon Lender Inc ($11.8m) and Equal Opportunity Schools ($11.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $227k (2.2% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $13.4m against liabilities of $10.9m, net assets of $2.5m. It reported 95 employees.