The Equity Project Charter School
The Equity Project Charter School reported $27.8 million in revenue and $27.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $91.23 went to program services, $8.60 to management and general costs and $0.17 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 90.2% of the total. Government grants made up 7.6%. The highest compensation it reported for one person was $211,916 (HEAD OF SCHOOL). 84 people received more than $100,000 in reportable compensation. Revenue rose 28% 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 $27MFor 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 $28MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.2% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 8.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 7.6% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 90.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $211,916 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.78% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 84 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 5 of 5 | 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 expenseThe school's mission is focused on providing students from low-income families with equal access to outstanding teachers as a means of achieving educational equality. The school is uniquely focused on attracting and retaining master teachers. To do so, the school uses a three-pronged strategy of rigorous qualifications, redefined expectations, and revolutionary compensation.classes commenced in the washington heights neighborhood of new york city in september 2009 and the school provided education to approximately 1,062 students in grades kindergarten through eighth during the 2024-2025…
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 |
|---|---|---|---|---|
| HEAD OF SCHOOL Officer, 50.00 hrs/week | $187,735 | $0 | $24,181 | $211,916 |
| CHIEF EXECUTIVE OFFICER Officer, 50.00 hrs/week | $169,244 | $0 | $32,769 | $202,013 |
| TEACHER Highest compensated employee, 50.00 hrs/week | $168,069 | $0 | $27,115 | $195,184 |
| TEACHER Highest compensated employee, 50.00 hrs/week | $169,861 | $0 | $21,390 | $191,251 |
| DIRECTOR Highest compensated employee, 50.00 hrs/week | $169,909 | $0 | $15,597 | $185,506 |
| TEACHER Highest compensated employee, 50.00 hrs/week | $168,951 | $0 | $12,469 | $181,420 |
| TEACHER Highest compensated employee, 5.00 hrs/week | $161,557 | $0 | $12,018 | $173,575 |
84 people received more than $100,000 in reportable compensation from The Equity Project Charter School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $415K (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–1b5 · 5 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 11aNo
- 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 5198
- Volunteers Part I, line 66
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| CHARTER TECHNOLOGY SOLUTIONS It consulting services | $412,826 |
| JC BUS TRANSPORTATION LLC Transportation | $168,150 |
| WEST SIDE FEDERATION FOR SENIOR AND SUPP Developer services | $160,000 |
| JMM GENERAL SERVICE CORP Janitorial services | $142,654 |
| CHARTER SCHOOL BUSINESS MANAGEMENT INC Accounting services | $111,695 |
Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to The Equity Project Charter School totaling $5,101 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Equity Project 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 The Equity Project Charter School, you can publish a response that is linked from this page.
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Of every $100 The Equity Project Charter School spent in FY2025, $91.23 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Bryan CollegeDayton, TN · revenue $28M · programs 88.0% · FY2025
- Wayne State University FoundationDetroit, MI · revenue $28M · programs 77.9% · FY2025
- Union Theological SeminaryNew York, NY · revenue $28M · programs 70.8% · FY2025
- Morris Jeff Community SchoolNew Orleans, LA · revenue $28M · programs 91.0% · FY2025
- Empire Springs Charter SchoolTemecula, CA · revenue $28M · programs 78.1% · FY2025
Questions people ask
How much of The Equity Project Charter School's spending goes to programs?
In the fiscal year ending June 30, 2025, The Equity Project Charter School reported that 91.2% of its $27.3 million in expenses went to program services, 8.6% to management and general and 0.2% to fundraising (Form 990, Part IX).
How much does The Equity Project Charter School pay its top executive?
The largest total compensation The Equity Project Charter School reported for one person in the fiscal year ending June 30, 2025 was $211,916, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Equity Project Charter School get its money?
Of $27.8 million in revenue in the fiscal year ending June 30, 2025, 8.1% came from contributions and grants (including 7.6% from government grants) and 90.2% from program service revenue (Form 990, Part VIII).
Is The Equity Project Charter School a registered charity?
The IRS lists EIN 90-0354470 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 202621359349317152 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501359349316420 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441319349305239 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311369349301006 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221369349317692 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131379349306213 · read the filing
All filings for EIN 90-0354470: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.