Forte Preparatory Academy Charter School

Analysis

Forte Preparatory Academy Charter School is a registered charity in United States, based in Elmhurst, NY. 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, Forte Preparatory Academy Charter School reported income of $10.6m and spending of $10.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $10.6m (+129%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Forte Preparatory Academy 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 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Learn Lonestar Education and Research Network ($10.6m), America Achieves Inc ($10.6m) and Operating Engineers Loc 324 Journey Men & Apprentice Trainin F Loc 324 ($10.6m).

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 $167k (1.6% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $33.8m against liabilities of $29.2m, net assets of $4.5m. It reported 74 employees.