Charette Charter School

Analysis

Charette Charter School is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in March 2019, 7 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, Charette Charter School reported income of $4.6m and spending of $3.6m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $4.6m (+165%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charette Charter School sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within RI. Charities of a similar size with the same main cause include Magellan Charter School ($4.6m), Page Academy ($4.6m) and Crossroads Center for Children Inc ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $7.1m against liabilities of $4.6m, net assets of $2.6m. It reported 32 employees.