St Martin de Porres Academy Inc

Analysis

St Martin de Porres Academy Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in October 2006, 20 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 July 2023, St Martin de Porres Academy Inc reported income of $2.9m and spending of $2.4m, spending 82% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.9m to $2.9m (+54%), an average of +11% a year. The sharpest change came in the year to July 2022, when income rose by 107%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Martin de Porres Academy Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include Covenant Christian Academy of Warrenton Virginia ($2.9m), Woodside School Foundation ($2.9m) and DC Charter School Alliance ($2.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 96% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $145k (6.0% of expenses). Other salaries and wages came to $1.3m. It paid $18k in professional fundraising fees. At year end it held assets of $7.2m against liabilities of $330k, net assets of $6.9m. It reported 23 employees.