Sigsbee Charter School Inc

Analysis

Sigsbee Charter School Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Sigsbee Charter School Inc reported income of $13.0m and spending of $8.8m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.2m to $13.0m (+81%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 48%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sigsbee Charter School 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 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Stockton Collegiate International Schools ($13.0m), Sankofa Freedom Academy Charter School ($13.0m) and Amigos Library Services ($13.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 0.6% of the total. Other salaries and wages came to $6.4m. At year end it held assets of $24.3m against liabilities of $739k, net assets of $23.6m. It reported 103 employees.