Cherokee County Charter School

Analysis

Cherokee County Charter School is a registered charity in United States, based in Gaffney, SC. It received its IRS tax-exemption ruling in February 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, Cherokee County Charter School reported income of $6.1m and spending of $7.2m, spending 118% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $97k to $6.1m (+6172%), an average of +297% a year. The sharpest change came in the year to June 2021, when income rose by 4436%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cherokee County Charter School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include Great Rivers Community TR ($6.1m), Girls Athletic Leadership School Los Angeles ($6.1m) and Literacy Minnesota ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Other salaries and wages came to $3.2m. At year end it held assets of $10.4m against liabilities of $12.4m, net assets of -$2.0m. It reported 80 employees.