Icahn Charter School 5

Analysis

Icahn Charter School 5 is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 2013, 13 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, Icahn Charter School 5 reported income of $6.8m and spending of $6.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.0m to $6.8m (-44%), an average of -13% a year. The sharpest change came in the year to June 2020, when income dropped by 54%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Icahn Charter School 5 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 Rise Southeast Raleigh Charter School Inc ($6.8m), Contina Impact ($6.8m) and Arete Preparatory Academy ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.6% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $399k (6.1% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $10.9m against liabilities of $1.0m, net assets of $9.9m. It reported 47 employees.