Vance Charter School Inc

Analysis

Vance Charter School Inc is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in July 2000, 26 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, Vance Charter School Inc reported income of $11.0m and spending of $10.2m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $8.8m to $11.0m (+26%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vance Charter School Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include University Prepartory Charter ($11.0m), Pinewood Preparatory School ($11.0m) and Desert Heights Charter Schools ($11.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. Other salaries and wages came to $5.6m. At year end it held assets of $10.7m against liabilities of $15.2m, net assets of -$4.5m. It reported 131 employees.