Keystone Academy Charter School

Analysis

Keystone Academy Charter School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 2009, 17 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, Keystone Academy Charter School reported income of $13.7m and spending of $10.6m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.5m to $13.7m (+30%), an average of +6.7% a year. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Keystone Academy Charter School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include College Summit Inc ($13.7m), Marin Horizon School Incorporated ($13.7m) and Burgundy Farm Country Day School Inc ($13.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $318k (3.0% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $18.6m against liabilities of $9.3m, net assets of $9.3m. It reported 90 employees.