Bluesky Charter School

Analysis

Bluesky Charter School is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bluesky Charter School reported income of $7.9m and spending of $7.0m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.1m to $7.9m (+54%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bluesky Charter School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include St Catherines School Foundation ($7.9m), St Johns Classical Academy ($7.9m) and High Point Christian Academy Inc ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $432k (6.2% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $8.5m against liabilities of $9.4m, net assets of -$827k. It reported 100 employees.