Friends of Baystate Academy Charter Public School Inc

Analysis

Friends of Baystate Academy Charter Public School Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Baystate Academy Charter Public School Inc reported income of $397k and spending of $382k, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1,748 to $397k (+22604%), an average of +510% a year. The sharpest change came in the year to June 2021, when income rose by 24226%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Baystate Academy Charter Public School Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Sunshine Academy Summer School ($397k), The Illuminators Educational Foundation ($397k) and Classical Studies of Central Indiana Inc ($397k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. At year end it held assets of $6.7m against liabilities of $6.5m, net assets of $174k.