East Wake First Charter School

Analysis

East Wake First Charter School is a registered charity in United States, based in Zebulon, NC. It received its IRS tax-exemption ruling in December 1999, 27 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, East Wake First Charter School reported income of $13.3m and spending of $11.3m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.4m to $13.3m (+28%), an average of +6.3% a year. 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, East Wake First Charter School sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include New Vision Charter School ($13.3m), Universal Institute Charter School ($13.3m) and Core Butte Inc ($13.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.3% of the total. Other salaries and wages came to $6.3m. At year end it held assets of $19.6m against liabilities of $29.5m, net assets of -$9.9m. It reported 190 employees.