Carolina Voyager Charter School

Analysis

Carolina Voyager Charter School is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in June 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 2024, Carolina Voyager Charter School reported income of $7.3m and spending of $5.2m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.1m to $7.3m (+78%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carolina Voyager Charter School 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 94th percentile, and in the 96th percentile within SC. Charities of a similar size with the same main cause include Shasta View Academy Inc ($7.3m), Puente Learning Center ($7.3m) and Lenawee Christian School ($7.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $111k (2.1% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $26.6m against liabilities of $13.7m, net assets of $12.8m. It reported 79 employees.