Castle High School Inc

Analysis

Castle High School Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 2014, 12 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, Castle High School Inc reported income of $5.0m and spending of $4.3m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $5.0m (+72%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Castle High School Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Village Green Charter School ($5.0m), Challenge Foundation Inc ($5.0m) and Bishop McCort Catholic High School Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $3,000 (0.1% of expenses). At year end it held assets of $5.6m against liabilities of $5.4m, net assets of $200k.