Atmosphere Academy Public Charter Schools

Analysis

Atmosphere Academy Public Charter Schools is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in March 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 2023, Atmosphere Academy Public Charter Schools reported income of $28.6m and spending of $28.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.5m to $28.6m (+199%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Atmosphere Academy Public Charter Schools sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Hawaii Preparatory Academy ($28.6m), Third Future Schools ($28.6m) and The Tower Foundation of San Jose State University ($28.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $577k (2.1% of expenses). Other salaries and wages came to $14.0m. At year end it held assets of $15.6m against liabilities of $13.8m, net assets of $1.8m. It reported 219 employees.