Charlottesville Day School Inc

Analysis

Charlottesville Day School Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in April 2008, 18 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, Charlottesville Day School Inc reported income of $5.4m and spending of $4.2m, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.6m to $5.4m (+48%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 23%. 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, Charlottesville Day School Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Futuro Academy Incorporated ($5.4m), Dressed with Dignity Inc ($5.4m) and Young Mens Christian Association of Glendale ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $236k (5.7% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $10.8m against liabilities of $3.4m, net assets of $7.5m. It reported 69 employees.