Polaris Charter School

Analysis

Polaris Charter School is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in June 2013, 13 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, Polaris Charter School reported income of $1.2m and spending of $1.2m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $907k to $1.2m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2022, when income rose by 23%. 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, Polaris Charter School sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within NH. Charities of a similar size with the same main cause include Battle Rock Charter School ($1.2m), Pilchuck Learning Center ($1.2m) and Maitland Public Library Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $94k (7.6% of expenses). Other salaries and wages came to $778k. At year end it held assets of $1.7m against liabilities of $818k, net assets of $874k. It reported 39 employees.