Calvary Chapel School Inc

Analysis

Calvary Chapel School Inc is a registered charity in United States, based in Sarasota, 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, Calvary Chapel School Inc reported income of $751k and spending of $738k, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $588k to $751k (+28%), an average of +8.5% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Calvary Chapel School Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Robertson Child Development Center Inc ($751k), Elizabethtown Public Library ($751k) and Secured Inc ($751k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $86k (12% of expenses). Other salaries and wages came to $424k. At year end it held assets of $717k against liabilities of $1,886, net assets of $715k. It reported 24 employees.