Brooklyn Scholars Charter School

Analysis

Brooklyn Scholars Charter School is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Brooklyn Scholars Charter School reported income of $15.5m and spending of $15.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.6m to $15.5m (+23%), an average of +5.3% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brooklyn Scholars 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 NY. Charities of a similar size with the same main cause include Intrepid College Preparatory Incorporated ($15.5m), National Association for College Admission Counseling Inc ($15.5m) and Yeshiva of Central Queens ($15.5m).

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 $5.8m. At year end it held assets of $1.1m against liabilities of $882k, net assets of $195k.