Stargate Charter School

Analysis

Stargate Charter School is a registered charity in United States, based in Thornton, CO. It received its IRS tax-exemption ruling in March 2002, 24 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, Stargate Charter School reported income of $21.6m and spending of $21.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.4m to $21.6m (+61%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stargate Charter School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Bernard Zell Anshe Emet Day School ($21.5m), West Texas a & M University Foundation ($21.6m) and Oaks Academy Inc ($21.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $434k (2.1% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $19.5m against liabilities of $25.4m, net assets of -$5.9m. It reported 236 employees.