Erie Elementary Charter School

Analysis

Erie Elementary Charter School is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2006, 20 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, Erie Elementary Charter School reported income of $7.0m and spending of $7.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $7.0m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2020, when income rose by 244%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Erie Elementary 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 94th percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Renaissance Learning Center Inc ($7.0m), University of South Carolina Development Foundation ($7.0m) and Sharon Baptist Headstart ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $202k (2.9% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $13.8m against liabilities of $600k, net assets of $13.2m. It reported 111 employees.