Compass Charter School

Analysis

Compass Charter School is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2015, 11 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 2024, Compass Charter School reported income of $8.2m and spending of $7.6m, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $5.7m to $8.2m (+45%), an average of +7.7% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Compass Charter School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Providence Academy ($8.2m), Southern California School of Theology ($8.2m) and Middlebridge School Inc ($8.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $209k (2.7% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $3.3m against liabilities of $593k, net assets of $2.8m. It reported 59 employees.