Brass City Charter School

Analysis

Brass City Charter School is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in March 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, Brass City Charter School reported income of $6.4m and spending of $6.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $6.4m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brass City Charter School sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within CT. Charities of a similar size with the same main cause include University of Saint Katherine ($6.4m), Sussex Montessori School Inc ($6.4m) and Onondaga Community College Foundation Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $192k (2.9% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $10.8m against liabilities of $6.9m, net assets of $3.9m. It reported 137 employees.