Carter Community Charter School Inc

Analysis

Carter Community Charter School Inc is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in July 2007, 19 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 2022, Carter Community Charter School Inc reported income of $4.2m and spending of $3.8m, spending 91% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $2.8m to $4.2m (+49%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carter Community Charter School Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Da Vinci Schools LA County ($4.2m), Law College Association of the University of Arizona ($4.2m) and Linden Grove School ($4.2m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 35% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $179k (4.7% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.2m against liabilities of $2.0m, net assets of $1.2m. It reported 46 employees.