Cresthaven Academy Charter School

Analysis

Cresthaven Academy Charter School is a registered charity in United States, based in Plainfield, NJ. It received its IRS tax-exemption ruling in July 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, Cresthaven Academy Charter School reported income of $11.8m and spending of $9.8m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $11.8m (+211%), an average of +33% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cresthaven Academy Charter School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Kings Daughters School of Maury County Tennessee ($11.8m), Equal Opportunity Schools ($11.8m) and Hope Horizon Mental Health ($11.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Other salaries and wages came to $3.9m. At year end it held assets of $4.7m against liabilities of $35k, net assets of $4.6m. It reported 135 employees.