Charter School Inc

Analysis

Charter School Inc is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in June 1998, 28 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, Charter School Inc reported income of $6.3m and spending of $6.3m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.5m to $6.3m (+39%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charter School Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within DE. Charities of a similar size with the same main cause include Generation Teach Inc ($6.3m), The Francis Ouimet Scholarship Fund Inc ($6.3m) and Capitol Education Foundation ($6.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $481k (7.6% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $12.5m against liabilities of $20.0m, net assets of -$7.4m.