Brooklyn Emerging Leaders Academy Charter School

Analysis

Brooklyn Emerging Leaders Academy Charter School is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2016, 10 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, Brooklyn Emerging Leaders Academy Charter School reported income of $5.5m and spending of $5.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $5.5m (+99%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brooklyn Emerging Leaders Academy Charter School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Childrens Resource Center-Special Touch Preschool Inc ($5.5m), Metrolina Regional Scholars Academy Inc ($5.5m) and Dekalb Brilliance Academy Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $207k (3.8% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $3.1m against liabilities of $368k, net assets of $2.7m. It reported 54 employees.