Friends of Inwood Academy for Leadership Charter School Inc

Analysis

Friends of Inwood Academy for Leadership Charter School Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Inwood Academy for Leadership Charter School Inc reported income of $3.3m and spending of $3.4m, spending 104% of its income. Across the 2 years on record, from June 2020 to June 2023, income fell from $3.6m to $3.3m (-8.6%), an average of -8.6% a year. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Inwood Academy for Leadership Charter School Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Utah International Charter School ($3.3m), Lower Columbia College Foundation ($3.3m) and Hovnanian School Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $16.7m against liabilities of $15.6m, net assets of $1.1m.