Peabody Charter School Inc

Analysis

Peabody Charter School Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Peabody Charter School Inc reported income of $12.2m and spending of $11.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.8m to $12.2m (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Peabody Charter School Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Ravenswood Education Foundation ($12.2m), Wilberforce University ($12.2m) and Method Schools ($12.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $289k (2.4% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $7.0m against liabilities of $3.5m, net assets of $3.6m. It reported 125 employees.