Newark Educators Community Charter School

Analysis

Newark Educators Community Charter School is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in July 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, Newark Educators Community Charter School reported income of $7.3m and spending of $7.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.6m to $7.3m (+11%), an average of +2.7% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Newark Educators Community Charter School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Broward Education Foundation Inc ($7.3m), Paso Robles Charter School Project Inc ($7.4m) and Clemson University Land Stewardship Foundation Inc ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Other salaries and wages came to $3.1m. At year end it held assets of $1.4m against liabilities of $270k, net assets of $1.1m. It reported 75 employees.