Friends of Equality Charter School Inc

Analysis

Friends of Equality Charter School Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Equality Charter School Inc reported income of $1.9m and spending of $1.6m, spending 88% of its income. Across the 4 years on record, from December 2019 to June 2023, income grew from $930k to $1.9m (+99%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 100%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Equality Charter School Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include The Sharon Cooperative School Inc ($1.9m), Summit Christian School Inc ($1.9m) and School of Missionary Aviation Technology ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. At year end it held assets of $6.1m against liabilities of $4.3m, net assets of $1.8m.