Damar Charter School Inc

Analysis

Damar Charter School Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 2013, 13 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, Damar Charter School Inc reported income of $3.6m and spending of $3.4m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $3.6m (+13%), an average of +3.2% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Damar Charter School Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Arc of Greater New Haven Inc ($3.6m), Monadnock Collaborative ($3.6m) and Florida High School for Accelerated Learning-Palm Beach County Campus ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.1% and program service revenue 94% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $3.3m against liabilities of $864k, net assets of $2.4m. It reported 40 employees.