Charterhouse School Inc

Analysis

Charterhouse School Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in October 1981, 45 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Charterhouse School Inc reported income of $7.2m and spending of $8.1m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.2m to $7.2m (-12%), an average of -3.2% a year. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Charterhouse School Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Gilbert Residence Inc ($7.2m), Good Samaritan Health Clinic of Cullman Inc ($7.2m) and Commonsense Childbirth Inc ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. At year end it held assets of $5.8m against liabilities of $8.1m, net assets of -$2.4m.

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.