Brevard Innovative Charter Schools Inc

Analysis

Brevard Innovative Charter Schools Inc is a registered charity in United States, based in Titusville, FL. It received its IRS tax-exemption ruling in March 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, Brevard Innovative Charter Schools Inc reported income of $6.7m and spending of $5.9m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $6.7m (+41%), an average of +9.1% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brevard Innovative Charter Schools Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Giddens School ($6.7m), Vanguard Academy ($6.7m) and Highland Hall Incorporated ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.7% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $77k (1.3% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $7.7m against liabilities of $7.7m, net assets of $0. It reported 110 employees.