Emblaze Academy Charter School

Analysis

Emblaze Academy Charter School is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in July 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, Emblaze Academy Charter School reported income of $6.0m and spending of $7.1m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $6.0m (+114%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 66%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Emblaze 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 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Yuut Elitnaurviat-Peoples Learning Center ($6.0m), Mother of Divine Grace Inc ($6.0m) and Center for Venture Education Inc ($6.0m).

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 $64k (0.9% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $29.1m against liabilities of $29.1m, net assets of -$71k. It reported 51 employees.