Salt Lake Charter School Incorporated

Analysis

Salt Lake Charter School Incorporated is a registered charity in United States, based in W Valley City, UT. It received its IRS tax-exemption ruling in July 2014, 12 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, Salt Lake Charter School Incorporated reported income of $3.6m and spending of $2.8m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.6m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2020, when income rose by 18%. 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, Salt Lake Charter School Incorporated sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within UT. Charities of a similar size with the same main cause include Ja Worldwide Inc ($3.6m), Winston Salem Christian School ($3.6m) and University of Cleveland Preparatory School ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $99k (3.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $7.5m against liabilities of $4.7m, net assets of $2.8m. It reported 51 employees.