Cardinal McCloskey Community Charter School

Analysis

Cardinal McCloskey Community Charter School is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in November 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, Cardinal McCloskey Community Charter School reported income of $10.4m and spending of $8.2m, leaving 21% of income unspent that year. Across the 6 years on record, from June 2017 to June 2023, income grew from $273k to $10.4m (+3726%), an average of +107% a year. The sharpest change came in the year to June 2020, when income rose by 439%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cardinal McCloskey 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 Dr Lena Edwards Charter School ($10.4m), Wilder Foundation ($10.4m) and Academy at the Lakes Inc ($10.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $159k (1.9% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $10.7m against liabilities of $5.3m, net assets of $5.4m. It reported 87 employees.