Peoria Charter School Initiative Co

Analysis

Peoria Charter School Initiative Co is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Peoria Charter School Initiative Co reported income of $6.8m and spending of $8.0m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.2m to $6.8m (-5.7%), an average of -1.5% a year. 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, Peoria Charter School Initiative Co sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Christian Education Incorporated ($6.8m), Corporation for Educational Partnerships ($6.8m) and Oldfields School Inc ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $502k (6.3% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $4.9m against liabilities of $759k, net assets of $4.1m. It reported 90 employees.