Granite Mountain Charter School

Analysis

Granite Mountain Charter School is a registered charity in United States, based in Lucerne Vly, CA. It received its IRS tax-exemption ruling in March 2020, 6 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, Granite Mountain Charter School reported income of $46.3m and spending of $46.1m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $31.7m to $46.3m (+46%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Granite Mountain Charter School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Nightingale-Bamford School ($46.2m), Foundation for Louisiana Students ($46.3m) and Woodberry Forest School ($46.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $163k (0.4% of expenses). Other salaries and wages came to $23.5m. At year end it held assets of $13.0m against liabilities of $10.8m, net assets of $2.2m. It reported 304 employees.