Pact Charter School

Analysis

Pact Charter School is a registered charity in United States, based in Ramsey, MN. It received its IRS tax-exemption ruling in November 1994, 32 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, Pact Charter School reported income of $10.1m and spending of $9.2m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.7m to $10.1m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pact Charter School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Health Promotion Council of Southeastern Pennsylvania Inc ($10.1m), Jackson Hole Community Housing ($10.1m) and G D L Farms Corporation ($10.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $550k (6.0% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $5.9m against liabilities of $6.1m, net assets of -$195k. It reported 171 employees.