Alain Locke Charter School

Analysis

Alain Locke Charter School is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2000, 26 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, Alain Locke Charter School reported income of $6.6m and spending of $6.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $6.6m (+15%), an average of +3.5% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alain Locke Charter School sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Phoenix Alternatives Inc ($6.6m), Ensign Learning Center ($6.6m) and Sojourner Truth Academy ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $254k (3.9% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $5.6m against liabilities of $2.0m, net assets of $3.6m. It reported 66 employees.