Inquiry Charter School

Analysis

Inquiry Charter School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1998, 28 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, Inquiry Charter School reported income of $7.3m and spending of $7.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $7.3m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Inquiry Charter School 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 PA. Charities of a similar size with the same main cause include Dr Robert Ketterer Charter School Inc ($7.3m), Franklin Center ($7.3m) and Renaissance Academy ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $184k (2.6% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $4.1m against liabilities of $1.9m, net assets of $2.2m. It reported 73 employees.