John Hancock Charter School

Analysis

John Hancock Charter School is a registered charity in United States, based in Pleasant GRV, UT. It received its IRS tax-exemption ruling in November 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, John Hancock Charter School reported income of $3.9m and spending of $3.6m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $3.9m (+188%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 99%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, John Hancock Charter School sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within UT. Charities of a similar size with the same main cause include Philip F Dupont TR Ud for University of Virginia 1028-2 Nect ($3.9m), Universal Vare Charter School ($3.9m) and The Stonehaven School Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $185k (5.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $25.6m against liabilities of $24.7m, net assets of $965k. It reported 46 employees.