Grand Concourse Academy Charter School

Analysis

Grand Concourse Academy Charter School is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 2006, 20 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, Grand Concourse Academy Charter School reported income of $18.4m and spending of $15.2m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.9m to $18.4m (+69%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grand Concourse Academy Charter School 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 95th percentile within NY. Charities of a similar size with the same main cause include Belle Chasse Academy Inc ($18.4m), Academics Plus Charter Schools Inc ($18.4m) and International Academy Williamson County ($18.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $1.3m (8.7% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $58.5m against liabilities of $40.9m, net assets of $17.6m. It reported 103 employees.