Chartersource

Analysis

Chartersource is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chartersource reported income of $836k and spending of $453k, leaving 46% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $109k to $836k (+668%), an average of +668% a year. The sharpest change came in the year to June 2023, when income rose by 668%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chartersource sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Bakersfield Catholic Education Foundation ($836k), Yale Broadcasting Co Inc ($836k) and Refine Therapeutic Learning Center Inc ($836k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Other salaries and wages came to $250k. At year end it held assets of $634k against liabilities of $143k, net assets of $492k.