Great Oaks Charter School

Analysis

Great Oaks Charter School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 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, Great Oaks Charter School reported income of $9.5m and spending of $9.7m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.0m to $9.5m (+59%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Great Oaks Charter School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Children at Play Early Intervention Center ($9.5m), John N Gardner Institute Forexcellence in Undergraduate Educati ($9.5m) and Veritas Academy ($9.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $219k (2.3% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $1.3m against liabilities of $831k, net assets of $479k. It reported 75 employees.