Perspectives Charter School

Analysis

Perspectives Charter School is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1997, 29 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, Perspectives Charter School reported income of $32.2m and spending of $31.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.8m to $32.2m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Perspectives Charter School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include St Thomas Aquinas College ($32.2m), William Woods University ($32.2m) and Fontbonne University ($32.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $249k (0.8% of expenses). Other salaries and wages came to $17.1m. At year end it held assets of $59.3m against liabilities of $47.6m, net assets of $11.7m. It reported 382 employees.