Unity Preparatory Charter School of Brooklyn

Analysis

Unity Preparatory Charter School of Brooklyn is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 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, Unity Preparatory Charter School of Brooklyn reported income of $15.0m and spending of $14.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.1m to $15.0m (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Unity Preparatory Charter School of Brooklyn 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 NY. Charities of a similar size with the same main cause include Collective for Youth ($14.9m), Centennial Place Academy Inc ($15.0m) and Friends Of@prospect Schools Ny Inc ($14.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $283k (1.9% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $35.7m against liabilities of $32.6m, net assets of $3.2m. It reported 160 employees.