Academy Charter School 2

Analysis

Academy Charter School 2 is a registered charity in United States, based in Hempstead, NY. It received its IRS tax-exemption ruling in October 2022, 4 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, Academy Charter School 2 reported income of $4.5m and spending of $5.1m, spending 114% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $490k to $4.5m (+815%), an average of +815% a year. The sharpest change came in the year to June 2023, when income rose by 815%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy Charter School 2 sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Foundation for Sfjazz ($4.5m), East Bay Educational Collaborative ($4.5m) and Charter School of Inquiry ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $13.3m against liabilities of $13.7m, net assets of -$405k. It reported 39 employees.