Cumberland Charter School Network

Analysis

Cumberland Charter School Network is a registered charity in United States, based in Millville, NJ. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cumberland Charter School Network reported income of $527k and spending of $479k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $741k to $527k (-29%), an average of -8.2% a year. The sharpest change came in the year to June 2021, when income rose by 71%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cumberland Charter School Network sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include First Connections for Early Success ($527k), San Miguel-Casa Inc ($527k) and Stockbridge Library Association ($527k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $165k (34% of expenses). Other salaries and wages came to $18k. At year end it held assets of $289k against liabilities of $6,176, net assets of $282k. It reported 4 employees.