El Colegio Charter School

Analysis

El Colegio Charter School is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2000, 26 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, El Colegio Charter School reported income of $2.3m and spending of $2.1m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.3m (+25%), an average of +5.6% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, El Colegio Charter School sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Hillander School ($2.3m), Student National Medical Association Inc ($2.3m) and Friends of the Pamlico County Public Library ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.1m against liabilities of $1.6m, net assets of -$461k.