The@family Place Public Charter School

Analysis

The@family Place Public Charter School is a registered charity in United States, based in Washington, DC. 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, The@family Place Public Charter School reported income of $3.2m and spending of $2.1m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $3.2m (+105%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The@family Place Public Charter School sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 74th percentile within DC. Charities of a similar size with the same main cause include Dual Language Education of New Mexico ($3.2m), Halfmoon Education Inc ($3.2m) and Ridgefield Library Association Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $137k (6.5% of expenses). At year end it held assets of $4.1m against liabilities of $715k, net assets of $3.4m.