Charlotte Christian School

Analysis

Charlotte Christian School is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 1972, 54 years ago. 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, Charlotte Christian School reported income of $26.7m and spending of $24.2m, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $23.1m to $26.7m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2024, when income rose by 16%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charlotte Christian School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Seamens Society for Children and Families ($26.7m), Tulsa Area United Way ($26.7m) and Missouri Corporation for Science and Technology ($26.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.9% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $599k (2.5% of expenses). Other salaries and wages came to $11.7m. At year end it held assets of $76.2m against liabilities of $30.6m, net assets of $45.6m. It reported 405 employees.