Zeta Charter Schools Inc

Analysis

Zeta Charter Schools Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Zeta Charter Schools Inc reported income of $21.3m and spending of $20.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $21.3m (+387%), an average of +48% a year. The sharpest change came in the year to June 2021, when income rose by 88%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Zeta Charter Schools Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Ann Arbor District Library ($21.3m), After-School All-Stars Los Angeles ($21.3m) and The Trustees of Fryeburg Academy ($21.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $966k (4.7% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $149.6m against liabilities of $204.0m, net assets of -$54.4m. It reported 79 employees.