Elm Community Charter School

Analysis

Elm Community Charter School is a registered charity in United States, based in Elmhurst, 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, Elm Community Charter School reported income of $9.8m and spending of $11.2m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $9.8m (+281%), an average of +40% a year. The sharpest change came in the year to June 2020, when income rose by 63%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elm Community Charter School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Prescott Area Childrens Education Organization ($9.8m), Rawson-Saunders School ($9.8m) and Puc National ($9.8m).

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 $185k (1.7% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $65.2m against liabilities of $63.2m, net assets of $2.0m. It reported 46 employees.