Champion Education Network

Analysis

Champion Education Network is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Champion Education Network reported income of $8.9m and spending of $9.6m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $8.9m (+549%), an average of +60% a year. The sharpest change came in the year to June 2023, when income rose by 200%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Champion Education Network sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Ethos Classical Inc ($8.9m), California Creative Learning Academy ($8.9m) and Lumin Education ($8.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $134k (1.4% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $1.2m against liabilities of $145k, net assets of $1.0m. It reported 164 employees.