City Neighbors Charter School

Analysis

City Neighbors Charter School is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 2004, 22 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, City Neighbors Charter School reported income of $3.7m and spending of $3.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $3.7m (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 18%. 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, City Neighbors Charter School sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Lorain Bilingual Preparatory Academy ($3.7m), Lyman Ward Military Academy the Southern Industrial Institute ($3.7m) and East Valley Education Center Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $123k (3.4% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $3.1m against liabilities of $1.3m, net assets of $1.8m. It reported 29 employees.