Vertus Charter School

Analysis

Vertus Charter School is a registered charity in United States, based in Rochester, NY. 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 2023, Vertus Charter School reported income of $7.1m and spending of $5.9m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $7.1m (+45%), an average of +9.6% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vertus Charter School sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Arizona Private Education Scholarship Fund Inc ($7.1m), Tiftarea Academy Inc ($7.1m) and Auc Consortium Inc ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $141k (2.4% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $5.0m against liabilities of $2.2m, net assets of $2.9m. It reported 84 employees.