Success Academy Charter Schools Inc
83% goes to programs $3 to raise $100 Strong reserves Growing revenue
Success Academy Charter Schools Inc is a 501(c)(3) organization based in New York, New York, registered in 2007, with $211,032,479 in FY2023 revenue. CharityIndex grades it A, and it directs about 83% of spending to programs.
95 Pine St 6th Floor, New York, NY, 10005 EIN 20-5298861 Since 2007
Revenue (FY2023)
$211.0M
▲ 46.7% vs prior year
Education median: $200K
Expenses (FY2023)
$133.5M
Net assets
$278.2M
Employees
680
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating83% to programs · $3 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Success Academy Charter Schools Inc: 83% to programs · $3 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating25 mo reserves · +37% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Success Academy Charter Schools Inc: 25 mo reserves · +37% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Success Academy Charter Schools Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Success Academy Charter Schools Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide children in nyc with a high quality education that gives them the knowledge, skills, character & disposition to meet & exceed nys standards,& the resources to succeed.
Contact & location
- Address
- 95 Pine St 6th Floor, New York, NY, 10005
- City
- New York
- State
- New York
- Category
- Education
- Subcategory
- Educational Services
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $42.5M (FY2013) to $211.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $249.1MNet assets $278.2M
Operating margin
36.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$527.3M
Total liabilities
$249.1M
Net assets
$278.2M
Salaries & benefits
$80.5M
60% of expenses
Board members
21
21 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $211,032,479▲46.7% | $133,452,712▲8.5% | $278,224,076▲38.7% | $527,307,780▲45.4% | 990 |
| 2022 | $143,889,167▼23.9% | $123,024,079▲32.5% | $200,644,309▲11.6% | $362,618,379▲32.1% | 990 |
| 2021 | $188,955,703▲90.2% | $92,840,929▲20.3% | $179,759,374▲110% | $274,485,406▲68.4% | 990 |
| 2020 | $99,368,525▲12.7% | $77,155,177▲5.0% | $85,399,425▲28.7% | $162,966,057▲16.5% | 990 |
| 2019 | $88,191,643▲11.2% | $73,460,880▼16.5% | $66,378,878▲28.5% | $139,942,239▼5.9% | 990 |
| 2018 | $79,336,020▼2.2% | $87,947,087▲15.6% | $51,648,115▼14.3% | $148,717,499▼1.1% | 990 |
| 2017 | $81,159,815▲22.8% | $76,100,266▲14.8% | $60,259,182▲9.2% | $150,318,099▲15.6% | 990 |
| 2016 | $66,086,472▲13.2% | $66,266,120▲25.1% | $55,199,633▼0.3% | $130,012,076▲74.8% | 990 |
| 2015 | $58,373,913▼3.4% | $52,953,433▲23.4% | $55,379,281▲10.8% | $74,385,381▲8.5% | 990 |
| 2014 | $60,435,750▲42.3% | $42,920,628▲29.2% | $49,958,801▲54.0% | $68,581,583▲51.5% | 990 |
| 2013 | $42,479,327 | $33,228,597▲50.9% | $32,443,679▲39.9% | $45,274,459▲46.4% | 990 |
| 2012 | — | $22,016,017▲146% | $23,192,949▲217% | $30,918,540▲226% | 990 |
| 2010 | — | $8,966,538▲72.7% | $7,305,134▲78.0% | $9,489,422▲95.3% | 990 |
| 2009 | — | $5,190,975 | $4,103,248 | $4,857,713 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: David Ellner — $631,060 (0.47% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Ellner | Chief, Enterprise Svcs Mgmt | 55 | $631,060 |
| Ingrid Lamae De Jongh | Chief, Schooling Plan & Mgmt | 55 | $584,375 |
| Shabbir Ahmed | Chief Financial Officer | 40 | $455,000 |
| Jason Niederkorn | Chief, Advisory Management | 55 | $423,714 |
| Miles Braffett | Executive, Technology | 55 | $416,374 |
| Ann Powell | Executive, Public Affairs | 55 | $412,546 |
| Kathy Dibenedetto | Chief, Human Cap. (thru 12/23) | 55 | $400,170 |
| Ali Jarvandi | Head, Technology | 55 | $398,955 |
| Richard Gladstone | Head, Real Estate | 55 | $381,444 |
| Lei Sun | Chief, Ei Team Management | 55 | $345,283 |
| David King | Chief, Advancement Mgt. | 55 | $219,485 |
| Eva Moskowitz | Chief Executive Officer | 50 | $180,804 |
| Angele Robinson - Gaylord | Trustee (thru 06/24) | 1 | — |
| Bob Niehaus | Trustee | 1 | — |
| Cindy Finkelman | Trustee | 1 | — |
| Daniel S Loeb | Trustee | 1 | — |
| Diahann Billings-buford | Trustee | 1 | — |
| Fitz Haney | Trustee | 1 | — |
| James Jim Valentini | Trustee (thru 06/24) | 1 | — |
| Joan Berger | Trustee (as of 01/24) | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Dbi Projects LLC | Construction | $1,413,678 |
| Varsity Tutors LLC | Tutoring | $1,052,000 |
| Skidmore Owings Merrill LLP | Construction | $795,143 |
| Maremcia | Talent Search | $794,000 |
| Padilla and Company LLP | Staffing | $781,128 |
Grants received · $107.8M total
120 grants to Success Academy Charter Schools Inc totaling $107.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Charter Fund Inc | Charter school growth | 2024 | $8,606,615 |
| Silicon Valley Community Foundation | Education | 2024 | $2,000,000 |
| Robin Hood Foundation | Poverty relief | 2024 | $135,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $30,000 |
| Fjc | General operating support | 2024 | $25,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $10,000 |
| American Online Giving Foundation Inc | General support | 2024 | $7,695 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $6,496,400 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $4,311,500 |
| Silicon Valley Community Foundation | Education | 2023 | $2,000,000 |
| National Philanthropic Tr | Education | 2023 | $477,500 |
| Goldman Sachs Charitable Gift Fund | Educational programs & other student svc | 2023 | $172,500 |
| Donor Advised Charitable Giving | Education | 2023 | $134,800 |
| Robin Hood Foundation | Poverty relief | 2023 | $100,000 |
| Combined Jewish Philanthropies of Greater Boston Inc | Daf - education | 2023 | $25,000 |
Grants made · $3.9M in FY2023
1 grant totaling $3.9M in FY2023. All grants made by Success Academy Charter Schools Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Success Academy Charter Schools - Nyc | Expansion/ | $3,921,893 |
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Compare Success Academy Charter Schools Inc
Frequently asked questions
- Is Success Academy Charter Schools Inc a legitimate nonprofit?
- Yes. Success Academy Charter Schools Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-5298861, based in New York, New York. Donations are tax-deductible.
- What is Success Academy Charter Schools Inc's EIN?
- Success Academy Charter Schools Inc's Employer Identification Number (EIN) is 20-5298861.
- How much revenue does Success Academy Charter Schools Inc report?
- Success Academy Charter Schools Inc reported $211,032,479 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Success Academy Charter Schools Inc's spending goes to programs?
- Success Academy Charter Schools Inc spends about 83% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Success Academy Charter Schools Inc have?
- CharityIndex grades Success Academy Charter Schools Inc A, based on program efficiency and fundraising cost.
- How much does Success Academy Charter Schools Inc's highest-paid employee make?
- The highest reported compensation on Success Academy Charter Schools Inc's latest Form 990 is $631,060, paid to David Ellner (Chief, Enterprise Svcs Mgmt).
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Data for Success Academy Charter Schools Inc (EIN 20-5298861) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.