Berkeley Charter Education Association Inc

Analysis

Berkeley Charter Education Association Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in March 2017, 9 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, Berkeley Charter Education Association Inc reported income of $20.5m and spending of $20.7m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.0m to $20.5m (+155%), an average of +26% a year. The sharpest change came in the year to June 2022, when income rose by 80%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Berkeley Charter Education Association Inc 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 98th percentile within SC. Charities of a similar size with the same main cause include Indian Mountain School Incorporated ($20.5m), Meridian Public Charter School ($20.5m) and Bronx Charter School for Better Learning ($20.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.1% of the total. Other salaries and wages came to $7.6m. At year end it held assets of $32.1m against liabilities of $31.6m, net assets of $560k. It reported 152 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.