Excelsior Charter of Broward Inc

Analysis

Excelsior Charter of Broward Inc is a registered charity in United States, based in Tamarac, FL. It received its IRS tax-exemption ruling in March 2012, 14 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, Excelsior Charter of Broward Inc reported income of $1.5m and spending of $1.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.7m to $1.5m (-43%), an average of -13% a year. The sharpest change came in the year to June 2022, when income dropped by 56%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Excelsior Charter of Broward Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Angelus Academy ($1.5m), Natures Classroom Institute Environmental Education ($1.5m) and Parent Booster USA Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (4.7% of expenses). Other salaries and wages came to $803k. At year end it held assets of $299k against liabilities of $185k, net assets of $114k. It reported 12 employees.