Chesterton Academy

Analysis

Chesterton Academy is a registered charity in United States, based in Hopkins, MN. It received its IRS tax-exemption ruling in January 2009, 17 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, Chesterton Academy reported income of $3.6m and spending of $2.4m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $3.6m (+65%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 46%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chesterton Academy sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Dr Lewis Dolphin Stallworth Sr Charter School Inc ($3.6m), Live Oak Charter School ($3.6m) and Open School Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $132k (5.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.8m against liabilities of $166k, net assets of $2.7m. It reported 32 employees.