Commonwealth Charter Academy Charter School

Analysis

Commonwealth Charter Academy Charter School is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Commonwealth Charter Academy Charter School reported income of $420.8m and spending of $364.5m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $142.7m to $420.8m (+195%), an average of +31% a year. The sharpest change came in the year to June 2021, when income rose by 92%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Commonwealth Charter Academy Charter School sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within PA. Charities of a similar size with the same main cause include Success Academy Charter Schools - NYC ($417.6m), Berklee College of Music Inc ($422.1m) and Association of University Physicians ($415.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.0m (0.3% of expenses). Other salaries and wages came to $122.6m. At year end it held assets of $675.6m against liabilities of $314.2m, net assets of $361.4m. It reported 1,829 employees.