Charter Development Foundation Inc

Analysis

Charter Development Foundation Inc is a registered charity in United States, based in Roswell, GA. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Charter Development Foundation Inc reported income of $519k and spending of $384k, leaving 26% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $458k to $519k (+13%), an average of +3.2% a year. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charter Development Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within GA. Charities of a similar size with the same main cause include Columbia Basin College Foundation ($519k), Forest Park Montessori School LLC ($520k) and Gainesville Electrical Joint Apprenticeship & Trning Comm Inc ($519k).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $12k (3.1% of expenses). At year end it held assets of $6.5m against liabilities of $3.9m, net assets of $2.6m. It reported 1 employees.