Core Butte Inc

Analysis

Core Butte Inc is a registered charity in United States, based in Chico, CA. It received its IRS tax-exemption ruling in April 2013, 13 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, Core Butte Inc reported income of $13.3m and spending of $12.4m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.4m to $13.3m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Core Butte Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Tulsa Honor Academy ($13.3m), New Vision Charter School ($13.3m) and Inspire Academics Inc ($13.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $322k (2.6% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $17.1m against liabilities of $10.4m, net assets of $6.6m. It reported 125 employees.