Memphis Street Academy Charter School
Memphis Street Academy Charter School reported $14.0 million in revenue and $12.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $77.69 went to program services, $22.31 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 70.2% of the total. Government grants made up 28.5%. The highest compensation it reported for one person was $256,261 (CEO/Principal). 19 people received more than $100,000 in reportable compensation. Revenue rose 13% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $12MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $14MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 77.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 22.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 28.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 28.5% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 70.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $256,261 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.14% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 19 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 7.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 6 of 6 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseMsa will transform the learning environment for its scholars in grades 5 through 8 - who not only reside in the catchment area of the school, but who also comprise a diverse learning body from all over the city of philadelphia, and from all ethnic, religious, and cultural backgrounds
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO/Principal Officer, 40.0 hrs/week | $180,741 | $0 | $75,520 | $256,261 |
| ASSISTANT PRINCIPAL Highest compensated employee, 40.0 hrs/week | $146,046 | $0 | $54,566 | $200,612 |
| ASSISTANT PRINCIPAL Highest compensated employee, 40.0 hrs/week | $145,319 | $0 | $48,150 | $193,469 |
| DIRECTOR OF OPERATIONS Highest compensated employee, 40.0 hrs/week | $125,554 | $0 | $47,347 | $172,901 |
| Director of Special Education Highest compensated employee, 40.0 hrs/week | $124,909 | $0 | $19,125 | $144,034 |
| ELA Teacher Highest compensated employee, 40.0 hrs/week | $121,078 | $0 | $19,276 | $140,354 |
19 people received more than $100,000 in reportable compensation from Memphis Street Academy Charter School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $252K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b6 · 6 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 571
- Volunteers Part I, line 66
Correct a figure or respond
Every number above is copied from Memphis Street Academy Charter School's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Memphis Street Academy Charter School, you can publish a response that is linked from this page.
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Of every $100 Memphis Street Academy Charter School spent in FY2025, $77.69 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Friendship Christian SchoolLebanon, TN · revenue $14M · programs 82.4% · FY2025
- Rainbow RisingHermosa Beach, CA · revenue $14M · programs 92.5% · 2024
- Palm Beach School for AutismLake Worth, FL · revenue $14M · programs 84.6% · FY2025
- Omar D Blair Charter SchoolDenver, CO · revenue $14M · programs 84.1% · FY2025
- IcivicsCambridge, MA · revenue $14M · programs 86.6% · FY2025
Questions people ask
How much of Memphis Street Academy Charter School's spending goes to programs?
In the fiscal year ending June 30, 2025, Memphis Street Academy Charter School reported that 77.7% of its $12.0 million in expenses went to program services, 22.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Memphis Street Academy Charter School pay its top executive?
The largest total compensation Memphis Street Academy Charter School reported for one person in the fiscal year ending June 30, 2025 was $256,261, for the role of CEO/Principal (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Memphis Street Academy Charter School get its money?
Of $14.0 million in revenue in the fiscal year ending June 30, 2025, 28.5% came from contributions and grants (including 28.5% from government grants) and 70.2% from program service revenue (Form 990, Part VIII).
Is Memphis Street Academy Charter School a registered charity?
The IRS lists EIN 45-5441135 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601259349301970 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531339349303978 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421149349300132 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202310869349300506 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231179349300523 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202033499349300933 · read the filing
All filings for EIN 45-5441135: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.