Connecting Waters Charter Schools

Analysis

Connecting Waters Charter Schools is a registered charity in United States, based in Waterford, CA. It received its IRS tax-exemption ruling in September 2015, 11 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, Connecting Waters Charter Schools reported income of $26.6m and spending of $23.3m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.4m to $26.6m (+14%), an average of +3.2% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Connecting Waters Charter Schools sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include National Alliance for Public Charter Schools ($26.6m), Agnes Irwin School ($26.6m) and Northland College ($26.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $239k (1.0% of expenses). Other salaries and wages came to $11.7m. At year end it held assets of $33.4m against liabilities of $8.7m, net assets of $24.7m. It reported 241 employees.