The Academy Charter School

Analysis

The Academy Charter School is a registered charity in United States, based in Hempstead, NY. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Academy Charter School reported income of $83.6m and spending of $78.3m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $34.2m to $83.6m (+144%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Academy Charter School sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Marymount Manhattan College ($83.6m), Faulkner University ($83.6m) and Manhattanville College ($83.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $2.0m (2.5% of expenses). Other salaries and wages came to $36.5m. At year end it held assets of $193.3m against liabilities of $180.8m, net assets of $12.5m. It reported 712 employees.