Ontech Charter High School

Analysis

Ontech Charter High School is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in August 2018, 8 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, Ontech Charter High School reported income of $4.1m and spending of $3.8m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $4.1m (+115%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 49%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ontech Charter High School sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Acclaim Charter School Inc ($4.1m), National Center for ($4.1m) and Gardens School of Technology Arts Inc ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $100k (2.6% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $6.4m against liabilities of $1.8m, net assets of $4.6m. It reported 74 employees.