Friends of Hellenic Classical Charter Schools Inc

Analysis

Friends of Hellenic Classical Charter Schools Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 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, Friends of Hellenic Classical Charter Schools Inc reported income of $6.5m and spending of $2.0m, leaving 69% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $679k to $6.5m (+856%), an average of +209% a year. The sharpest change came in the year to June 2022, when income rose by 264%. Over the whole period it spent 126% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Hellenic Classical Charter Schools Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Unity Prep ($6.5m), Center for Advanced Learning ($6.5m) and Tuso ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $89.0m against liabilities of $90.9m, net assets of -$2.0m.