Brooklyn Rise Charter School

Analysis

Brooklyn Rise Charter School is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2019, 7 years ago. 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, Brooklyn Rise Charter School reported income of $5.6m and spending of $6.6m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $334k to $5.6m (+1590%), an average of +103% a year. The sharpest change came in the year to June 2020, when income rose by 787%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brooklyn Rise Charter School sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Elim Care Foundation ($5.6m), Truth and Tidings Gospel Trust U S a ($5.6m) and College School Association ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $152k (2.3% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $4.4m against liabilities of $3.7m, net assets of $659k. It reported 47 employees.