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Education · 2023 Form 990

Success Academy Charter Schools Nyc: $417.6M Revenue, $353.0M Expenses

New York, New York · EIN 364629540 · Filing year 2023

Success Academy Charter Schools Nyc reported $417.6M in total revenue, $353.0M in total expenses, and $305.8M in total assets on its 2023 IRS Form 990. Current-officer compensation is not separately reported on this 990 filing. NonprofitTruth efficiency grade: B (78/100).

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

Reviewed by NonprofitTruth Editorial Team · Updated
B
Efficiency Score
78/100

Key Facts (2023 Form 990)

Total Revenue
$417.6M
Total Expenses
$353.0M
Total Assets
$305.8M
Reserve Months
10.4 months
Surplus / (Deficit)
$64.5M
EIN
364629540
Latest 990 Year
2023
Current-Officer Compensation
Not reported
Officer Comp % of Revenue
N/A

The efficiency rubric puts Success Academy Charter Schools Nyc at a B grade: a composite of 78/100 that lands above the national midpoint. The grade reflects solid financial reserves alongside reasonable officer compensation and steady revenue.

Success Academy Charter Schools Nyc is a large nonprofit by U.S. standards: $417.6M in 2023 revenue against $353.0M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. Financial health is a strength: Success Academy Charter Schools Nyc carries a healthy operating-reserve cushion against $353.0M in annual expenses, the kind of balance-sheet stability that helps an organization weather funding gaps without cutting programs.

Five-year revenue trajectory is strongly positive: Success Academy Charter Schools Nyc has grown materially in real terms, which usually signals successful fundraising and program expansion. Current-officer compensation is not separately reported in the filing — typical for nonprofits where leadership 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 Nyc 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 figures should be read.


$417.6M
Revenue
$353.0M
Expenses
$305.8M
Total Assets
N/A
Officer Compensation

How Success Academy Charter Schools Nyc Compares

Success Academy Charter Schools Nyc earns a NonprofitTruth efficiency grade of B (78/100). That is 14 points above the Education category average. The organization holds 10.4 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$353.0M
Total Expenses
Filing year 2023
Not reported
Officer Compensation
on this 990
10.4 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Success Academy Charter Schools Nyc reported $417.6M in revenue against $353.0M in total functional expenses for filing year 2023, holding roughly 10.4 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

Trend

Revenue History

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Success Academy Charter Schools Nyc has a NonprofitTruth Efficiency Score of B (78/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Success Academy Charter Schools Nyc, Donor FAQ

Success Academy Charter Schools Nyc has a NonprofitTruth Efficiency Score of B (78/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Current-officer compensation for Success Academy Charter Schools Nyc is not separately reported in the most recent IRS Form 990 on file. This is common when leadership is paid through a related entity or the organization files a short-form return.

Success Academy Charter Schools Nyc reported $417.6M in annual revenue and $353.0M in total expenses for filing year 2023. The organization holds $305.8M in total assets.

Success Academy Charter Schools Nyc holds approximately 10.4 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its B efficiency grade.

Success Academy Charter Schools Nyc is a registered 501(c) organization with EIN 364629540, 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 Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.