Thomas a Edison Charter School of Wilmington Inc

Analysis

Thomas a Edison Charter School of Wilmington Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in May 1999, 27 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 2024, Thomas a Edison Charter School of Wilmington Inc reported income of $121k and spending of $357k, spending 296% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $469k to $121k (-74%), an average of -24% a year. The sharpest change came in the year to June 2024, when income dropped by 59%. Over the whole period it spent 130% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thomas a Edison Charter School of Wilmington Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 37th percentile within DE. Charities of a similar size with the same main cause include American Cannabis Nurses Association Inc ($121k), Friends of the Medford Public Library Inc ($121k) and Alcoa City Schools Foundation Inc ($121k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.2% of the total. At year end it held assets of $4.1m against liabilities of $127k, net assets of $3.9m.

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.