CPTKD Academy Inc

Analysis

CPTKD Academy Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2021, 5 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 December 2023, CPTKD Academy Inc reported income of $6.1m and spending of $1.7m, leaving 73% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $180k to $6.1m (+3309%), an average of +224% a year. The sharpest change came in the year to December 2021, when income rose by 799%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, CPTKD Academy Inc sits at the 91st percentile: it is larger than about 90% 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 Prizmah Center for Jewish Day Schools Inc ($6.1m), Hebrew Institute for the Deaf & Exceptional Children ($6.1m) and Randall University Inc ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Other salaries and wages came to $519k. At year end it held assets of $4.7m against liabilities of $0, net assets of $4.7m. It reported 11 employees.