Charlotte Latin Schools Inc

Analysis

Charlotte Latin Schools Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 1972, 54 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, Charlotte Latin Schools Inc reported income of $57.2m and spending of $51.2m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $42.8m to $57.2m (+34%), an average of +7.5% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charlotte Latin Schools Inc 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 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include South Carolina First Steps to School Readiness Board of Trustees ($57.1m), Enoch Pratt Free Library of Baltimore City ($57.3m) and Doral Academy of Nevada ($57.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $1.4m (2.7% of expenses). Other salaries and wages came to $24.2m. At year end it held assets of $147.4m against liabilities of $53.9m, net assets of $93.4m. It reported 596 employees.