Theodore R and Thelma a Gibson Charter School Inc

Analysis

Theodore R and Thelma a Gibson Charter School Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 2003, 23 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 2024, Theodore R and Thelma a Gibson Charter School Inc reported income of $2.5m and spending of $2.4m, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.8m to $2.5m (+40%), an average of +7.0% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Theodore R and Thelma a Gibson Charter School Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Renton Technical College Foundation ($2.5m), Amerion College Inc ($2.5m) and Steel Academy Foundation ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 0.8% of the total. Other salaries and wages came to $936k. At year end it held assets of $4.0m against liabilities of $3.4m, net assets of $613k. It reported 26 employees.