Movement Charter School

Analysis

Movement Charter School is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 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, Movement Charter School reported income of $13.9m and spending of $16.5m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $13.9m (+213%), an average of +33% a year. The sharpest change came in the year to June 2021, when income rose by 76%. 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, Movement Charter School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Mt Bethel Christian Academy Inc ($13.9m), Yeshiva Derech Hatorah ($13.9m) and Foundation of the American College of Healthcare Executives ($13.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $7.2m. At year end it held assets of $24.3m against liabilities of $25.8m, net assets of -$1.4m. It reported 200 employees.