Boulware Springs Charter School

Analysis

Boulware Springs Charter School is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in May 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 2024, Boulware Springs Charter School reported income of $1.9m and spending of $2.1m, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $1.9m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boulware Springs Charter School sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Coaching for Change Inc ($1.9m), National Association of Basketball Coaches Foundation Inc ($1.9m) and Legacy Christian Fellowship ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $97k (4.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.1m against liabilities of $1.2m, net assets of $888k. It reported 37 employees.