Fernleaf Community Charter School

Analysis

Fernleaf Community Charter School is a registered charity in United States, based in Fletcher, NC. It received its IRS tax-exemption ruling in May 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, Fernleaf Community Charter School reported income of $5.9m and spending of $6.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $5.9m (+133%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 32%. 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, Fernleaf Community Charter School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Little Keswick Education Corporation ($5.9m), Austin Christian Educational Foundation ($5.9m) and Virginia High School League ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $107k (1.8% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $18.1m against liabilities of $15.0m, net assets of $3.1m. It reported 121 employees.