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Education · 2023 Form 990

Success Academy Charter Schools Inc: $143.9M Revenue, $96.0M Program Expenses

New York, New York · EIN 205298861 · Filing year 2023

Success Academy Charter Schools Inc reported $143.9M in total revenue, $123.0M in total expenses, and $362.6M in total assets on its 2023 IRS Form 990. 78.0% of expenses ($96.0M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: B (72/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

B
Efficiency Score
72/100

Key Facts (2023 Form 990)

Total Revenue
$143.9M
Total Expenses
$123.0M
Program Expenses
$96.0M
Program Expense Ratio
78.0%
Total Assets
$362.6M
Reserve Months
35.4 months
EIN
205298861
Latest 990 Year
2023
Top Officer Compensation
Not reported

The efficiency rubric puts Success Academy Charter Schools Inc at a B grade: a composite of 72/100 that lands above the national midpoint. The grade reflects solid program-spending discipline alongside reasonable executive compensation and financial reserves.

Annual revenue at Success Academy Charter Schools Inc runs $143.9M (2023), placing it among the larger U.S. nonprofits in the IRS Form 990 dataset. Success Academy Charter Schools Inc directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.

Five-year revenue trajectory is strongly positive: Success Academy Charter Schools Inc has grown materially in real terms, which usually signals successful fundraising and program expansion. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. In the Education category, Success Academy Charter Schools Inc sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue ratios should be read.


$143.9M
Revenue
$123.0M
Expenses
$362.6M
Total Assets
78.0%
Program Spending

How Success Academy Charter Schools Inc Compares

Success Academy Charter Schools Inc directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 72/100 is 2 points below the Education category average. The organization holds 35.4 months of operating reserves, indicating strong financial stability.

Financials

Where Your Donation Goes

$96.0M
Program Spending
78.0% of expenses
Not reported
CEO Compensation
35.4 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, for every dollar donated to Success Academy Charter Schools Inc, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.

Trend

Revenue History


Success Academy Charter Schools Inc has an Efficiency Score of B (72/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

Success Academy Charter Schools Inc, Donor FAQ

Success Academy Charter Schools Inc has an Efficiency Score of B (72/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

CEO/officer compensation for Success Academy Charter Schools Inc is not reported in the most recent IRS 990 filing on file.

Success Academy Charter Schools Inc reported $143.9M in annual revenue and $123.0M in total expenses for filing year 2023. The organization holds $362.6M in total assets.

For every dollar donated to Success Academy Charter Schools Inc, approximately 78.0 cents goes to program activities. The organization has 35.4 months of operating reserves, providing financial stability to sustain its mission.

Success Academy Charter Schools Inc is a registered 501(c) organization with EIN 205298861, based in New York, New York. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.