Davidson Charter Academy Inc

Analysis

Davidson Charter Academy Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in May 2018, 8 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, Davidson Charter Academy Inc reported income of $5.6m and spending of $6.0m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $5.6m (+105%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Davidson Charter Academy Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Center for Autism Education ($5.6m), Ball Charter Schools Dobson ($5.6m) and College Association of the State Univ of Ny Agri & Tech Coll at ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $18.9m against liabilities of $17.8m, net assets of $1.2m. It reported 101 employees.