Indian River Charter High School Inc

Analysis

Indian River Charter High School Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in October 1998, 28 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, Indian River Charter High School Inc reported income of $7.8m and spending of $7.4m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.7m to $7.8m (+39%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 19%. 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, Indian River Charter High School Inc sits at the 92nd 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 FL. Charities of a similar size with the same main cause include Dayspring Christian Academy ($7.8m), New Beginnings Family Academy Inc ($7.8m) and Gateway Preparatory Academy ($7.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $264k (3.6% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $18.5m against liabilities of $9.0m, net assets of $9.5m. It reported 98 employees.