Constellation Schools Lorain Community Elementary

Analysis

Constellation Schools Lorain Community Elementary is a registered charity in United States, based in Parma, OH. It received its IRS tax-exemption ruling in September 2001, 25 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, Constellation Schools Lorain Community Elementary reported income of $2.7m and spending of $2.0m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $2.7m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2020, when income rose by 25%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Constellation Schools Lorain Community Elementary sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Jones Library Inc ($2.7m), Ware Academy Inc ($2.7m) and Middlebury Academy ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.7% of the total. Other salaries and wages came to $809k. At year end it held assets of $4.4m against liabilities of $3.1m, net assets of $1.3m. It reported 38 employees.