Challenge to Excellence Charter School

Analysis

Challenge to Excellence Charter School is a registered charity in United States, based in Parker, CO. It received its IRS tax-exemption ruling in April 2003, 23 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, Challenge to Excellence Charter School reported income of $6.7m and spending of $6.1m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.6m to $6.7m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Challenge to Excellence Charter School sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Midwestern State University Foundation Inc ($6.7m), Terra Academy Inc ($6.7m) and New York French - American Charter School ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $160k (2.6% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $10.8m against liabilities of $13.9m, net assets of -$3.1m. It reported 71 employees.