Sugar Creek Charter School Inc

Analysis

Sugar Creek Charter School Inc is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in March 2003, 23 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, Sugar Creek Charter School Inc reported income of $21.1m and spending of $22.6m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.6m to $21.1m (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sugar Creek Charter School Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Carolina Day School Inc ($21.1m), William Monroe Rowlett Academy for Arts and Communication ($21.1m) and Cristo Rey Philadelphia High School ($21.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $315k (1.4% of expenses). Other salaries and wages came to $13.1m. At year end it held assets of $27.5m against liabilities of $19.1m, net assets of $8.3m. It reported 354 employees.