Freire Charter School Wilmington Inc

Analysis

Freire Charter School Wilmington Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in November 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, Freire Charter School Wilmington Inc reported income of $9.7m and spending of $11.2m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.2m to $9.7m (+34%), an average of +7.6% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Freire Charter School Wilmington Inc 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 96th percentile within DE. Charities of a similar size with the same main cause include Marcy Lab Inc ($9.7m), Loganville Christian Academy Inc ($9.7m) and Academy for Precision Learning Inc ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $196k (1.7% of expenses). At year end it held assets of $21.5m against liabilities of $30.1m, net assets of -$8.6m.