Great Oaks Charter School - Wilmington Inc

Analysis

Great Oaks Charter School - Wilmington Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in May 2016, 10 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, Great Oaks Charter School - Wilmington Inc reported income of $6.0m and spending of $7.2m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.3m to $6.0m (-28%), an average of -7.9% a year. The sharpest change came in the year to June 2021, when income dropped by 17%. Over the whole period it spent 118% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Great Oaks Charter School - Wilmington Inc 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 93rd percentile within DE. Charities of a similar size with the same main cause include Deep Roots Charter School ($6.0m), Human Development Corporation ($6.0m) and Learner-Centered School Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $169k (2.3% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $7.3m against liabilities of $17.5m, net assets of -$10.2m. It reported 34 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.