Equity Project Charter School

Analysis

Equity Project Charter School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2009, 17 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, Equity Project Charter School reported income of $26.7m and spending of $25.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.7m to $26.7m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Equity Project Charter School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include East West Management Institute Inc ($26.7m), Midwest Collaborative for Library Services Inc ($26.7m) and Southwest Christian School Inc ($26.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $560k (2.2% of expenses). Other salaries and wages came to $14.6m. At year end it held assets of $51.6m against liabilities of $36.7m, net assets of $14.9m. It reported 204 employees.