Lead Charter School Inc

Analysis

Lead Charter School Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in June 2017, 9 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, Lead Charter School Inc reported income of $6.8m and spending of $6.1m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $6.8m (+88%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lead Charter School Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Carrabassett Valley Academy ($6.8m), Choice Charter School ($6.8m) and Helios New School Inc ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $229k (3.8% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $1.8m against liabilities of $48k, net assets of $1.8m. It reported 48 employees.