Brookstone Schools of Mecklenburg County

Analysis

Brookstone Schools of Mecklenburg County is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 2001, 25 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, Brookstone Schools of Mecklenburg County reported income of $5.8m and spending of $3.8m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $5.8m (+180%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brookstone Schools of Mecklenburg County sits at the 90th percentile: it is larger than about 90% 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 Learn to Earn Dayton ($5.8m), Reach Up Incorporated ($5.8m) and Janus School ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $192k (5.0% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $8.1m against liabilities of $2.4m, net assets of $5.6m. It reported 88 employees.