Frederick Douglass Mastery Charter School

Analysis

Frederick Douglass Mastery Charter School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2013, 13 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, Frederick Douglass Mastery Charter School reported income of $12.6m and spending of $11.8m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.1m to $12.6m (+14%), an average of +3.3% a year. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Frederick Douglass Mastery Charter School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Colorado Rocky Mountain School ($12.6m), Charter High School for Law and Social Justice ($12.7m) and Ilearn Schools Inc ($12.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $216k (1.8% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $8.0m against liabilities of $3.4m, net assets of $4.6m. It reported 104 employees.