National Center for Teacher Residencies Inc

Analysis

National Center for Teacher Residencies Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, National Center for Teacher Residencies Inc reported income of $9.5m and spending of $9.7m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.9m to $9.5m (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2021, when income rose by 374%. 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, National Center for Teacher Residencies Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Spartanburg Academic Movement ($9.5m), Bonnie Cone Classical Academy Inc ($9.5m) and Bear Creek Community Charter School ($9.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $438k (4.5% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $7.8m against liabilities of $4.3m, net assets of $3.5m. It reported 27 employees.