Options Charter School-Carmel Inc

Analysis

Options Charter School-Carmel Inc is a registered charity in United States, based in Noblesville, IN. It received its IRS tax-exemption ruling in May 2002, 24 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, Options Charter School-Carmel Inc reported income of $10.7m and spending of $10.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $10.7m (+474%), an average of +55% a year. The sharpest change came in the year to June 2021, when income rose by 105%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Options Charter School-Carmel Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Ron Clark Academy Inc ($10.7m), Fairfield Country Day School Corporation ($10.7m) and Laboratory School of Communication and Languages Charter School ($10.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $307k (3.0% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $906k against liabilities of $790k, net assets of $115k. It reported 139 employees.