The Charles River School

Analysis

The Charles River School is a registered charity in United States, based in Dover, MA. It received its IRS tax-exemption ruling in January 1944, 82 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, The Charles River School reported income of $11.2m and spending of $10.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.8m to $11.2m (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Charles River School 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 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Delphi Schools Inc ($11.2m), New Jersey Charter Public Schools Association a New Jersey Non-Profi ($11.2m) and Global Village Academy - Northglenn ($11.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $502k (4.7% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $30.4m against liabilities of $9.7m, net assets of $20.6m. It reported 114 employees.