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Education · 2023 Form 990

Success Academy Charter Schools Nyc: $417.6M Revenue, $275.4M Program 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. 78.0% of expenses ($275.4M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: A (82/100).

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

A
Efficiency Score
82/100

Key Facts (2023 Form 990)

Total Revenue
$417.6M
Total Expenses
$353.0M
Program Expenses
$275.4M
Program Expense Ratio
78.0%
Total Assets
$305.8M
Reserve Months
10.4 months
EIN
364629540
Latest 990 Year
2023
Top Officer Compensation
Not reported

On the LakeQuality nonprofit efficiency rubric, Success Academy Charter Schools Nyc pulls an A — the highest available grade. The 82/100 composite reflects a combination of program-focused spending, controlled overhead, and the kind of multi-year financial discipline that grant-makers look for.

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. Program-spending efficiency is strong: 80% of total expenses flow to program activities, above the 75% benchmark most third-party charity raters use.

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. 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 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 ratios should be read.


$417.6M
Revenue
$353.0M
Expenses
$305.8M
Total Assets
78.0%
Program Spending

How Success Academy Charter Schools Nyc Compares

Success Academy Charter Schools Nyc directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 82/100 is 8 points above the Education category average. The organization holds 10.4 months of operating reserves, indicating strong financial stability.

Financials

Where Your Donation Goes

$275.4M
Program Spending
78.0% of expenses
Not reported
CEO Compensation
10.4 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, for every dollar donated to Success Academy Charter Schools Nyc, 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 Nyc has an Efficiency Score of A (82/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

Success Academy Charter Schools Nyc, Donor FAQ

Success Academy Charter Schools Nyc has an Efficiency Score of A (82/100). 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 Nyc is not reported in the most recent IRS 990 filing on file.

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.

For every dollar donated to Success Academy Charter Schools Nyc, approximately 78.0 cents goes to program activities. The organization has 10.4 months of operating reserves, providing financial stability to sustain its mission.

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 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.