Eel River Charter School

Analysis

Eel River Charter School is a registered charity in United States, based in Covelo, CA. It received its IRS tax-exemption ruling in May 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, Eel River Charter School reported income of $1.6m and spending of $896k, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $760k to $1.6m (+110%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eel River Charter School sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include 1house2hands Inc ($1.6m), Grace Leadership Preparatory Institute ($1.6m) and Learning to Serve ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $142k (16% of expenses). Other salaries and wages came to $340k. At year end it held assets of $2.4m against liabilities of $356k, net assets of $2.1m. It reported 15 employees.