Bromley East Charter School

Analysis

Bromley East Charter School is a registered charity in United States, based in Brighton, CO. It received its IRS tax-exemption ruling in September 2001, 25 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, Bromley East Charter School reported income of $14.5m and spending of $13.5m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $10.8m to $14.5m (+35%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bromley East Charter School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Hope Christian Schools Inc ($14.5m), The Bronx High School of Science Alumni Foundation Inc ($14.6m) and Institute for Quality Education Inc ($14.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $522k (3.9% of expenses). At year end it held assets of $9.0m against liabilities of $17.8m, net assets of -$8.8m. It reported 237 employees.