Leaders in Our Neighborhood Charter School

Analysis

Leaders in Our Neighborhood Charter School is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in February 2007, 19 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, Leaders in Our Neighborhood Charter School reported income of $26.4m and spending of $26.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.2m to $26.4m (+31%), an average of +7.0% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leaders in Our Neighborhood Charter School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Community Academy of Philadelphia a Pennylvania Charter School ($26.4m), Greater Schools ($26.4m) and Lyon College ($26.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $912k (3.5% of expenses). Other salaries and wages came to $16.6m. At year end it held assets of $20.3m against liabilities of $13.8m, net assets of $6.5m. It reported 277 employees.