Unity Classical Charter School

Analysis

Unity Classical Charter School is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in March 2016, 10 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, Unity Classical Charter School reported income of $7.6m and spending of $6.7m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $7.6m (+392%), an average of +49% a year. The sharpest change came in the year to June 2023, when income rose by 97%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Unity Classical 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 95th percentile within NC. Charities of a similar size with the same main cause include Lake Tahoe School ($7.5m), Blueprint Education in ($7.6m) and Icahn Charter School 6 ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 2.7% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $19.6m against liabilities of $18.9m, net assets of $723k. It reported 83 employees.