Central Pennsylvania Digital Learning Foundation Charter School

Analysis

Central Pennsylvania Digital Learning Foundation Charter School is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Central Pennsylvania Digital Learning Foundation Charter School reported income of $3.6m and spending of $4.2m, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.7m to $3.6m (+33%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central Pennsylvania Digital Learning Foundation Charter School sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Center for Applied Science & Technology Network ($3.6m), Athenian Academy of Technology and the Arts Incorporated ($3.6m) and Demedici Corporation II ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.3% and program service revenue 92% of the total. At year end it held assets of $3.5m against liabilities of $5.3m, net assets of -$1.8m. It reported 53 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.