Acero Charter Schools Inc

Analysis

Acero Charter Schools Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2001, 25 years ago. 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, Acero Charter Schools Inc reported income of $124.4m and spending of $119.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $97.0m to $124.4m (+28%), an average of +6.4% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Acero Charter Schools Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Oak Ridge Associated Universities Inc ($123.9m), Compunet Clinical Laboratories LLC ($125.5m) and American Athletic Conference ($123.4m).

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 $1.1m (0.9% of expenses). Other salaries and wages came to $59.0m. At year end it held assets of $110.3m against liabilities of $66.6m, net assets of $43.7m. It reported 867 employees.