Northeast Charter Schools Network Inc

Analysis

Northeast Charter Schools Network Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Northeast Charter Schools Network Inc reported income of $4.2m and spending of $4.0m, spending 95% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $3.8m to $4.2m (+9.4%), an average of +2.3% a year. The sharpest change came in the year to June 2021, when income rose by 1276%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northeast Charter Schools Network Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include The Academy Group ($4.2m), Glenbrook School of Minden Inc ($4.2m) and Oregon and Southern Idaho Laborers- Employers Training TR ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $1.1m (28% of expenses). Other salaries and wages came to $819k. At year end it held assets of $2.3m against liabilities of $139k, net assets of $2.2m. It reported 23 employees.