Coney Island Preparatory Public Charter School

Analysis

Coney Island Preparatory Public Charter School is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 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 2024, Coney Island Preparatory Public Charter School reported income of $33.9m and spending of $35.5m, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $21.5m to $33.9m (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 24%. 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, Coney Island Preparatory Public 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 St Paul Academy and Summit School ($33.9m), Lick Wilmerding High School ($33.9m) and Project Access Foundation Inc ($33.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 10% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $731k (2.1% of expenses). Other salaries and wages came to $20.6m. At year end it held assets of $36.4m against liabilities of $23.4m, net assets of $13.1m. It reported 348 employees.