Charlotte Secondary School Inc

Analysis

Charlotte Secondary School Inc is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in October 2008, 18 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, Charlotte Secondary School Inc reported income of $2.2m and spending of $2.6m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.0m to $2.2m (-25%), an average of -6.9% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charlotte Secondary School Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Wilmington Christian Academy ($2.2m), Magnolia Montessori Academy Inc ($2.2m) and Napa Valley Christian Education Group ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $3.2m against liabilities of $7.7m, net assets of -$4.5m. It reported 42 employees.