Mast Community Charter School III

Analysis

Mast Community Charter School III is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 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, Mast Community Charter School III reported income of $25.0m and spending of $20.6m, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $13.5m to $25.0m (+85%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mast Community Charter School III sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Kipp Academy Charter School ($25.0m), 22beacon Inc ($25.0m) and St Coletta of Wisconsin Inc ($25.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $154k (0.7% of expenses). Other salaries and wages came to $8.3m. At year end it held assets of $56.7m against liabilities of $39.4m, net assets of $17.2m. It reported 224 employees.