Charter School of Inquiry

Analysis

Charter School of Inquiry is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in April 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, Charter School of Inquiry reported income of $4.5m and spending of $5.2m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $4.5m (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2020, when income rose by 30%. 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, Charter School of Inquiry sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Pinnacle Education Services ($4.5m), Foundation for Sfjazz ($4.5m) and Believe Schools Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.2% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $287k (5.5% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $5.1m against liabilities of $1.8m, net assets of $3.3m. It reported 86 employees.