Jersey City Global Charter School

Analysis

Jersey City Global Charter School is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in September 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, Jersey City Global Charter School reported income of $8.8m and spending of $7.4m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $8.8m (+78%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 34%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jersey City Global Charter School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Gillen Brewer School Inc ($8.8m), Burke Mountain Academy Inc ($8.8m) and Math and Science Success Academy Inc ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $730k (9.8% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $6.4m against liabilities of $2.6m, net assets of $3.8m. It reported 132 employees.