Spectrum Charter School Inc

Analysis

Spectrum Charter School Inc is a registered charity in United States, based in Monroeville, PA. It received its IRS tax-exemption ruling in May 2000, 26 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, Spectrum Charter School Inc reported income of $1.9m and spending of $1.5m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.9m (+53%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spectrum Charter School Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Special Operations Fund ($1.9m), Respect Graduate School ($1.9m) and Bay Area Hispano Institute for Advancement ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $100k (6.8% of expenses). Other salaries and wages came to $501k. At year end it held assets of $1.7m against liabilities of $1.0m, net assets of $694k. It reported 15 employees.