Creo College Preparatory Charter School

Analysis

Creo College Preparatory Charter School is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 2019, 7 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, Creo College Preparatory Charter School reported income of $10.2m and spending of $10.9m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $589k to $10.2m (+1637%), an average of +104% a year. The sharpest change came in the year to June 2020, when income rose by 383%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Creo College Preparatory 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 Northwest Christian Schools Inc ($10.2m), Parker Core Knowledge Inc ($10.2m) and Morris and Rose Caskey Torah Academy of Greater Philadelphia ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $174k (1.6% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $29.1m against liabilities of $29.3m, net assets of -$194k. It reported 82 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.