Minneola Charter Schools Inc

Analysis

Minneola Charter Schools Inc is a registered charity in United States, based in Minneola, FL. It received its IRS tax-exemption ruling in April 2007, 19 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, Minneola Charter Schools Inc reported income of $17.9m and spending of $16.7m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.9m to $17.9m (+81%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 24%. 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, Minneola Charter Schools Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include International School of Denver Inc ($17.9m), Cape Cod Foundation Inc ($17.9m) and Jackson State University Development Foundation Inc ($17.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Other salaries and wages came to $9.0m. At year end it held assets of $15.2m against liabilities of $9.9m, net assets of $5.3m. It reported 225 employees.