Preeminent Charter School Inc

Analysis

Preeminent Charter School Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 2002, 24 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).

In the financial year ending June 2023, Preeminent Charter School Inc reported income of $8.6m and spending of $8.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $8.6m (+34%), an average of +7.6% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Preeminent Charter School Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include NSSF ($8.6m), Sfusa ($8.6m) and Torah Day School of Atlanta Inc ($8.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Other salaries and wages came to $3.2m. At year end it held assets of $701k against liabilities of $544k, net assets of $157k.