Hayden Canyon Charter School Inc

Analysis

Hayden Canyon Charter School Inc is a registered charity in United States, based in Hayden, ID. It received its IRS tax-exemption ruling in December 2016, 10 years ago. 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, Hayden Canyon Charter School Inc reported income of $5.0m and spending of $5.7m, spending 115% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $3.3m to $5.0m (+49%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hayden Canyon Charter School Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 95th percentile within ID. Charities of a similar size with the same main cause include Hoisting & Portable Engineers Local No 4 Apprenticeship & Training FND ($5.0m), Limen House Inc ($5.0m) and New York Lawyers for the Public Interest Inc ($5.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $101k (1.8% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $13.4m against liabilities of $15.9m, net assets of -$2.5m. It reported 87 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.