Mast Community Charter School II

Analysis

Mast Community Charter School II is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2016, 10 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, Mast Community Charter School II reported income of $34.6m and spending of $29.9m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.4m to $34.6m (+267%), an average of +38% a year. The sharpest change came in the year to June 2020, when income rose by 66%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mast Community Charter School II 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 98th percentile within PA. Charities of a similar size with the same main cause include Worcester Academy ($34.6m), Cate School ($34.6m) and Marlborough School ($34.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $588k (2.0% of expenses). Other salaries and wages came to $12.1m. At year end it held assets of $72.2m against liabilities of $47.7m, net assets of $24.5m. It reported 324 employees.