Elmwood Village Charter School 2

Analysis

Elmwood Village Charter School 2 is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in January 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, Elmwood Village Charter School 2 reported income of $13.9m and spending of $13.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.8m to $13.9m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elmwood Village Charter School 2 sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include American Overseas School of Rome Inc ($13.9m), Yeshiva of Greater Washington Inc ($13.9m) and Yeshiva Derech Hatorah ($13.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $612k (4.5% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $21.3m against liabilities of $8.4m, net assets of $12.8m. It reported 256 employees.