Thomas Edison Charter School Inc

Analysis

Thomas Edison Charter School Inc is a registered charity in United States, based in Ogden, UT. It received its IRS tax-exemption ruling in February 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, Thomas Edison Charter School Inc reported income of $11.8m and spending of $10.0m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.1m to $11.8m (+29%), an average of +6.6% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thomas Edison Charter School Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within UT. Charities of a similar size with the same main cause include Uncommon Lender Inc ($11.8m), University of Baltimore Foundation Inc ($11.8m) and Memphis Street Academy Charter School at J P Jones ($11.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $262k (2.6% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $15.5m against liabilities of $4.9m, net assets of $10.6m. It reported 290 employees.