Esperanza Cyber Charter School

Analysis

Esperanza Cyber 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, Esperanza Cyber Charter School reported income of $21.8m and spending of $18.0m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $21.8m (+281%), an average of +40% a year. The sharpest change came in the year to June 2021, when income rose by 75%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Esperanza Cyber 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 97th percentile within PA. Charities of a similar size with the same main cause include 10000 Degrees ($21.8m), Harvey School ($21.8m) and Henderson Collegiate ($21.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $171k (0.9% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $25.9m against liabilities of $10.2m, net assets of $15.7m. It reported 217 employees.