Brooklyn Laboratory Charter Schools

Analysis

Brooklyn Laboratory Charter Schools is a registered charity in United States, based in Brooklyn, NY. 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, Brooklyn Laboratory Charter Schools reported income of $23.8m and spending of $28.5m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.6m to $23.8m (+16%), an average of +3.7% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brooklyn Laboratory Charter Schools sits at the 97th 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 96th percentile within NY. Charities of a similar size with the same main cause include Ingenium Schools ($23.8m), University at Albany Foundation ($23.8m) and San Francisco Bay University Inc ($23.7m).

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 $417k (1.5% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $34.6m against liabilities of $24.0m, net assets of $10.5m. It reported 188 employees.