Is Alder Grove Charter School Legit?

Alder Grove Charter School demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past decade, the organization's revenue has steadily increased from $2,561,750 in 2014 to $6,754,733 in 2023, with assets growing significantly from $1,310,047 to $10,482,244 in the same period. This sustained growth indicates effective management and increasing support for its educational programs. The school maintains a strong program spending ratio, with expenses consistently below revenue, allowing for asset accumulation. For instance, in 2023, expenses were $6,448,996 against $6,754,733 in revenue, resulting in a surplus. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, providing a clear historical financial record. The reported 0% officer compensation across all filings suggests that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which could be a positive indicator of resource allocation directly to the mission, or it could warrant further investigation into how leadership is compensated if at all. While the liabilities have seen a notable increase in the most recent filing to $3,276,496 from $671,746 in 2022, this should be monitored but does not immediately signal distress given the substantial asset base of $10,482,244. The overall trend of increasing assets and revenue, coupled with a lack of reported officer compensation, suggests a financially sound and mission-focused organization.