Zeta Charter Schools - New York City

Analysis

Zeta Charter Schools - New York City is a registered charity in United States, based in Bronx, 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, Zeta Charter Schools - New York City reported income of $52.0m and spending of $49.3m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.1m to $52.0m (+473%), an average of +55% a year. The sharpest change came in the year to June 2021, when income rose by 88%. Over the whole period it spent 92% 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 - New York City sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Immaculata University ($52.0m), Mars Hill University ($52.0m) and Piedmont University Inc ($52.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $847k (1.7% of expenses). Other salaries and wages came to $15.8m. At year end it held assets of $229.0m against liabilities of $217.7m, net assets of $11.2m. It reported 369 employees.