Whin Music Community Charter School

Analysis

Whin Music Community Charter School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 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, Whin Music Community Charter School reported income of $9.2m and spending of $8.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $9.2m (+202%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Whin Music Community Charter School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include The Soulsville Charter School LLC ($9.2m), United Community Schools Inc ($9.2m) and Hannah Senesh Community Day School ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $238k (2.7% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $4.2m against liabilities of $3.0m, net assets of $1.2m. It reported 79 employees.