Christa McAuliffe Charter School Foundation Inc

Analysis

Christa McAuliffe Charter School Foundation Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Christa McAuliffe Charter School Foundation Inc reported income of $624k and spending of $908k, spending 146% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $886k to $624k (-30%), an average of -8.4% a year. The sharpest change came in the year to June 2020, when income dropped by 26%. Over the whole period it spent 130% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Christa McAuliffe Charter School Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Royale Oaks House of Hope ($624k), Sb7 Support Foundation Inc ($625k) and Driscoll Family Foundation ($624k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. At year end it held assets of $7.7m against liabilities of $8.2m, net assets of -$461k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.