Equality Charter School

Analysis

Equality Charter School is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in March 2011, 15 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, Equality Charter School reported income of $17.6m and spending of $17.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.2m to $17.6m (+24%), an average of +5.5% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Equality Charter School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Kentucky Christian University Inc ($17.5m), University Child Development School ($17.6m) and Asu Enterprise Partners ($17.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $831k (4.6% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $15.5m against liabilities of $6.2m, net assets of $9.3m. It reported 159 employees.