Namaste Charter School Inc

Analysis

Namaste Charter School Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2004, 22 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, Namaste Charter School Inc reported income of $7.6m and spending of $7.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $7.6m (+19%), an average of +4.3% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Namaste Charter School Inc 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 94th percentile within IL. Charities of a similar size with the same main cause include Envision Science Academy ($7.6m), Oak Grove School LLC ($7.6m) and University of Massachusetts Amherst Foundation Inc ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $249k (3.4% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $10.5m against liabilities of $3.2m, net assets of $7.3m. It reported 93 employees.