Cherokee Charter Academy Inc

Analysis

Cherokee Charter Academy Inc is a registered charity in United States, based in Canton, GA. It received its IRS tax-exemption ruling in November 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, Cherokee Charter Academy Inc reported income of $8.5m and spending of $9.6m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.9m to $8.5m (+8.0%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cherokee Charter Academy Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within GA. Charities of a similar size with the same main cause include Skyline Education Inc ($8.5m), Sea Crest School Inc ($8.5m) and Chaminade Development Fund Inc ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Other salaries and wages came to $3.2m. At year end it held assets of $21.8m against liabilities of $25.5m, net assets of -$3.7m. It reported 128 employees.