The Charlemagne Institute

Analysis

The Charlemagne Institute is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in April 2009, 17 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 December 2023, The Charlemagne Institute reported income of $450k and spending of $1.3m, spending 297% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $675k to $450k (-33%), an average of -7.8% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 199% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Charlemagne Institute sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within KY. Charities of a similar size with the same main cause include First United Methodist Churchpreschool ($450k), Arts & Sciences Center ($450k) and Top Stone Christian School Inc ($450k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. Compensation of current officers, directors and key employees was $143k (11% of expenses). Other salaries and wages came to $555k. At year end it held assets of $1.5m against liabilities of $247k, net assets of $1.3m. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.