Harbor Springs Charter School

Analysis

Harbor Springs Charter School is a registered charity in United States, based in Temecula, CA. It received its IRS tax-exemption ruling in July 2014, 12 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, Harbor Springs Charter School reported income of $17.0m and spending of $14.5m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.7m to $17.0m (+75%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harbor Springs Charter School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Achievement First Hartford Academy Inc ($17.0m), Elsie Whitlow Stokes Community Freedom Public Charter School ($17.1m) and Columbia Academy School ($17.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $40k (0.3% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $28.1m against liabilities of $17.5m, net assets of $10.6m. It reported 212 employees.