Earl Monroe New Renaissance Basketball Charter School

Analysis

Earl Monroe New Renaissance Basketball Charter School is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in February 2020, 6 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, Earl Monroe New Renaissance Basketball Charter School reported income of $7.6m and spending of $8.0m, spending 105% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $1.3m to $7.6m (+479%), an average of +140% a year. The sharpest change came in the year to June 2022, when income rose by 379%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Earl Monroe New Renaissance Basketball Charter School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Blueprint Education in ($7.6m), University of Alabama Law School Foundation ($7.6m) and Unity Classical Charter School ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $224k (2.8% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $3.6m against liabilities of $2.4m, net assets of $1.3m. It reported 62 employees.