Is Charter High School Of Arts Association Legit?

The Charter High School Of Arts Association demonstrates consistent financial activity, with annual revenues and expenses generally in the $8-10 million range over the past decade. The organization's assets have seen a significant increase, particularly between 2021 and 2022, jumping from $4,973,276 to $22,520,098, and further to $23,520,321 in 2023. This substantial asset growth, coupled with a corresponding rise in liabilities (from $2,524,124 in 2021 to $19,953,999 in 2023), suggests significant capital investments, likely in facilities or infrastructure, which is common for educational institutions. Spending efficiency appears reasonable, with expenses generally aligning closely with revenues, indicating that the organization is utilizing its funds for its operations. For instance, in 2023, revenues were $9,762,505 against expenses of $8,509,939, resulting in a surplus. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards the organization's mission rather than executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is limited.