Philadelphia Charter School for Arts and Sciences at HR Edmunds

Analysis

Philadelphia Charter School for Arts and Sciences at HR Edmunds is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 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, Philadelphia Charter School for Arts and Sciences at HR Edmunds reported income of $22.7m and spending of $20.1m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.1m to $22.7m (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Philadelphia Charter School for Arts and Sciences at HR Edmunds 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 97th percentile within PA. Charities of a similar size with the same main cause include Associated Students Inc California State University Fullerton ($22.7m), University of Chicago Charter School Corporation ($22.8m) and Birch Wathen Lenox School ($22.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $218k (1.1% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $17.5m against liabilities of $6.1m, net assets of $11.5m. It reported 197 employees.