Charter Foundation Inc

Analysis

Charter Foundation Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in December 1996, 30 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, Charter Foundation Inc reported income of $8.7m and spending of $6.3m, leaving 27% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.6m to $8.7m (+53%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charter Foundation Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within AZ. Charities of a similar size with the same main cause include Kids Community College Charter School Inc ($8.7m), American Constitution Society for Law and Policy ($8.7m) and Amridge University Inc ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $15.1m against liabilities of $9.1m, net assets of $5.9m. It reported 52 employees.