Vertex Partnership Academies Inc

Analysis

Vertex Partnership Academies Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Vertex Partnership Academies Inc reported income of $2.2m and spending of $2.2m, spending 99% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $1.6m to $2.2m (+38%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 73%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vertex Partnership Academies Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Chipola Regional Workforce Development Planning Board Inc ($2.2m), Community Montessori School Inc ($2.2m) and Forest Grove Community School ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 110% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $150k (6.9% of expenses). Other salaries and wages came to $81k. At year end it held assets of $5.6m against liabilities of $3.3m, net assets of $2.3m. It reported 4 employees.