Richard Wright Public Charter School

Analysis

Richard Wright Public Charter School is a registered charity in United States, based in Washington, DC. 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, Richard Wright Public Charter School reported income of $10.3m and spending of $10.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $10.3m (+46%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 17%. 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, Richard Wright Public Charter School 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 87th percentile within DC. Charities of a similar size with the same main cause include Options for Youth-San Gabriel Inc ($10.3m), College Park Academy Inc ($10.3m) and Joint Apprenticeship & Training Comm of the NW Line Const Indstry ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $400k (4.0% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $24.0m against liabilities of $21.5m, net assets of $2.5m. It reported 69 employees.