Chatham Charter School

Analysis

Chatham Charter School is a registered charity in United States, based in Siler City, NC. It received its IRS tax-exemption ruling in June 1997, 29 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, Chatham Charter School reported income of $6.6m and spending of $6.8m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $6.6m (+23%), an average of +5.3% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chatham Charter School 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 94th percentile within NC. Charities of a similar size with the same main cause include Karl G Maeser Preparatory Academy ($6.6m), Racine Charter One Inc ($6.6m) and Helen Miller-Seiu Member Education and Training Center ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $178k (2.6% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $8.7m against liabilities of $4.7m, net assets of $4.0m. It reported 104 employees.