Providence Creek Academy Charter School

Analysis

Providence Creek Academy Charter School is a registered charity in United States, based in Clayton, DE. It received its IRS tax-exemption ruling in May 2003, 23 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, Providence Creek Academy Charter School reported income of $10.3m and spending of $8.9m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.6m to $10.3m (+34%), an average of +7.7% a year. 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, Providence Creek Academy Charter School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within DE. Charities of a similar size with the same main cause include Central Arkansas Christian Schools Incorporated ($10.3m), Wolcott School ($10.3m) and Indiana Math and Science Academy-North Indianapolis ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $173k (2.0% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $18.9m against liabilities of $28.9m, net assets of -$10.0m.