Hellenic Classical Charter Schools

Analysis

Hellenic Classical Charter Schools is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 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 2024, Hellenic Classical Charter Schools reported income of $19.1m and spending of $20.5m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.3m to $19.1m (+745%), an average of +70% a year. The sharpest change came in the year to June 2021, when income rose by 789%. 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, Hellenic Classical Charter Schools sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Mot Charter School Inc ($19.1m), Piedmont Community Charter School ($19.1m) and Buck Institute for Education ($19.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $760k (3.7% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $103.1m against liabilities of $94.1m, net assets of $9.1m. It reported 175 employees.