International Charter School Corporation

Analysis

International Charter School Corporation is a registered charity in United States, based in Pawtucket, RI. It received its IRS tax-exemption ruling in January 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 2023, International Charter School Corporation reported income of $7.6m and spending of $7.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $7.6m (+28%), an average of +6.3% a year. 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, International Charter School Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within RI. Charities of a similar size with the same main cause include Northeast College Prep ($7.6m), Triad Educational Services Inc ($7.6m) and Tolbert Educational Services Inc ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $280k (3.7% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $4.4m against liabilities of $2.0m, net assets of $2.4m. It reported 85 employees.