Ravencrest Chalet

Analysis

Ravencrest Chalet is a registered charity in United States, based in Estes Park, CO. It received its IRS tax-exemption ruling in May 2001, 25 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 August 2023, Ravencrest Chalet reported income of $2.1m and spending of $1.1m, leaving 45% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $824k to $2.1m (+150%), an average of +26% a year. The sharpest change came in the year to August 2021, when income rose by 76%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ravencrest Chalet sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CO. Charities of a similar size with the same main cause include Edgewood Academy Inc ($2.1m), Holy Cross Christian Academy Inc ($2.1m) and Richard Allen Academy Inc ($2.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 43% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $8,380 (0.7% of expenses). Other salaries and wages came to $214k. At year end it held assets of $4.7m against liabilities of $515k, net assets of $4.2m. It reported 12 employees.