Drew Charter School Inc

Analysis

Drew Charter School Inc is a registered charity in United States, based in Atlanta, GA. 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), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Drew Charter School Inc reported income of $50.9m and spending of $45.7m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.3m to $50.9m (+80%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 21%. 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, Drew Charter School Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Pacific Charter Institute Inc ($50.9m), Calhoun School Inc ($50.9m) and Washington International School ($50.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $864k (1.9% of expenses). Other salaries and wages came to $21.9m. At year end it held assets of $38.8m against liabilities of $1.2m, net assets of $37.6m. It reported 476 employees.