Basis Charter Schools Inc

Analysis

Basis Charter Schools Inc is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in November 1998, 28 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, Basis Charter Schools Inc reported income of $171.6m and spending of $162.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $141.2m to $171.6m (+22%), an average of +5.0% a year. 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, Basis Charter Schools Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within AZ. Charities of a similar size with the same main cause include Herzing University Ltd ($171.4m), Ohio Northern University ($172.4m) and Milwaukee School of Engineering ($171.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $134k (0.1% of expenses). Other salaries and wages came to $80.8m. At year end it held assets of $330.7m against liabilities of $370.7m, net assets of -$40.0m. It reported 1 employees.