Impact Charter School West

Analysis

Impact Charter School West is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 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, Impact Charter School West reported income of $16.9m and spending of $16.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.4m to $16.9m (+101%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Impact Charter School West sits at the 96th 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 PA. Charities of a similar size with the same main cause include Westlake Charter School ($16.9m), Kipp West Philadelphia Charter School ($16.9m) and California Virtual Academy at Maricopa ($16.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $331k (2.0% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $31.6m against liabilities of $25.5m, net assets of $6.1m. It reported 177 employees.