Volusia Charter School of Excellence Inc

Analysis

Volusia Charter School of Excellence Inc is a registered charity in United States, based in Lake Helen, FL. It received its IRS tax-exemption ruling in November 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, Volusia Charter School of Excellence Inc reported income of $9.7m and spending of $8.9m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.5m to $9.7m (+30%), an average of +9.2% a year. The sharpest change came in the year to June 2023, when income rose by 21%. 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, Volusia Charter School of Excellence Inc 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 96th percentile within FL. Charities of a similar size with the same main cause include University of North Carolina School of the Arts Foundation Inc ($9.7m), The Second Baptist School Foundation Inc ($9.7m) and Northeast Florida Virtual Charter School Board Inc ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $19.2m against liabilities of $18.3m, net assets of $939k. It reported 156 employees.