Chattanooga Charter School of Excellence

Analysis

Chattanooga Charter School of Excellence is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in July 2010, 16 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, Chattanooga Charter School of Excellence reported income of $6.9m and spending of $5.7m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $6.9m (+62%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chattanooga Charter School of Excellence 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 94th percentile within TN. Charities of a similar size with the same main cause include Woods Charter School Company ($6.9m), Credo High School ($6.9m) and Discovery Academy ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $7.3m against liabilities of $4.2m, net assets of $3.1m. It reported 25 employees.