Harbor City International Charter School

Analysis

Harbor City International Charter School is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in November 2001, 25 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, Harbor City International Charter School reported income of $3.4m and spending of $3.2m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $3.4m (+4.8%), an average of +1.2% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harbor City International Charter School sits at the 86th percentile: it is larger than about 86% 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 Wesley Biblical Seminary ($3.4m), York Day Nursery Inc ($3.4m) and Northwest College of Construction ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $406k (13% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.0m against liabilities of $3.9m, net assets of -$911k. It reported 54 employees.