Charles School
The Charles School shows consistent revenue growth and strong program spending with no reported officer compensation.
EIN: 202744006 · Columbus, OH · NTEE: B25 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.4M |
| Total Expenses | $5.3M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $1.3M |
| Transparency Score | 90/100 |
Is Charles School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charles School directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charles School
Charles School (EIN: 202744006) is a nonprofit organization based in Columbus, OH, classified under NTEE code B25. The organization reported total revenue of $5.4M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charles School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charles School is a mid-size nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.6M |
| Total Expenses | $5.3M |
| Surplus / Deficit | +$256K |
| Total Assets | $1.4M |
| Total Liabilities | $104K |
| Net Assets | $1.3M |
| Operating Margin | 4.6% |
| Debt-to-Asset Ratio | 7.4% |
| Months of Reserves | 3.2 months |
Financial Health Grade: A
In 2024, Charles School reported a surplus of $256K with revenue exceeding expenses, holds 3.2 months of operating reserves (adequate), has a debt-to-asset ratio of 7.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Charles School's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +22.5% | +17.0% | +22.7% |
| 2023 | +7.8% | +8.6% | +2.4% |
| 2022 | +8.5% | +27.3% | -1.4% |
| 2021 | -4.3% | -17.9% | +20.8% |
| 2020 | +17.7% | +18.5% | +9.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charles School with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Charles School allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $256K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.4%.
Executive Compensation Analysis
The Charles School consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or compensation structured in a way not captured under 'officer compensation' on the 990, which is highly unusual for an organization of its size with over $5 million in revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Charles School's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which may warrant further inquiry into executive remuneration practices.
Strengths
The following positive indicators were identified for Charles School:
- Consistent revenue growth over the past decade, indicating increasing support and sustainability.
- Strong financial health with consistent operating surpluses in recent years.
- Excellent asset-to-liability ratio, demonstrating strong solvency and financial management.
- High proportion of expenses dedicated to programs, suggesting efficient use of funds towards its mission.
- Significant growth in assets, strengthening the organization's long-term financial foundation.
Frequently Asked Questions about Charles School
Is Charles School a legitimate charity?
Based on AI analysis of IRS 990 filings, Charles School (EIN: 202744006) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Charles School spend its money?
Charles School directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Charles School tax-deductible?
Charles School is registered as a tax-exempt nonprofit (EIN: 202744006). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Charles School CEO make?
Charles School's highest-compensated officer earns $5 annually. The organization reported $5.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Charles School compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Charles School is above average for NTEE category B25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Charles School located?
Charles School is headquartered in Columbus, Ohio and files with the IRS under EIN 202744006. It is classified under NTEE code B25.
How many years of IRS 990 filings does Charles School have?
Charles School has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.4M in total revenue.
Is The Charles School a good charity?
Based on the provided financial data, The Charles School appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, and a high percentage of expenses dedicated to programs, with no reported officer compensation.
How has The Charles School's revenue grown over time?
The Charles School has shown significant revenue growth, increasing from $3,185,666 in 201506 to $5,565,725 in 202406, indicating a positive trend in financial support and operational scale.
What is the organization's asset-to-liability ratio?
In the latest period (202406), The Charles School had assets of $1,402,725 and liabilities of $104,419, resulting in an asset-to-liability ratio of approximately 13.4:1, which is very strong and indicates excellent financial solvency.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is unusual for an organization of this size. It could mean that executive leadership is entirely volunteer-based, or that compensation is reported under different expense categories, or that the specific line item for 'officer compensation' on the 990 is not applicable for their structure. Further investigation into their governance and compensation policies would be beneficial for full clarity.
Filing History
IRS 990 filing history for Charles School showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Charles School's revenue has grown by 109%, moving from $2.7M to $5.6M. Total assets increased by 229.5% over the same period, from $426K to $1.4M. Total functional expenses rose by 100.4%, from $2.6M to $5.3M. In its most recent filing year (2024), Charles School reported a surplus of $256K, with revenue exceeding expenses. The organization holds $104K in liabilities against $1.4M in assets (debt-to-asset ratio: 7.4%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $5.6M | $5.3M | $1.4M | $104K | — | View 990 |
| 2023 | $4.5M | $4.5M | $1.1M | $101K | — | View 990 |
| 2022 | $4.2M | $4.2M | $1.1M | $80K | — | View 990 |
| 2021 | $3.9M | $3.3M | $1.1M | $132K | — | View 990 |
| 2020 | $4.1M | $4.0M | $937K | $537K | — | View 990 |
| 2019 | $3.4M | $3.4M | $859K | $520K | — | View 990 |
| 2018 | $3.4M | $3.4M | $754K | $468K | — | View 990 |
| 2017 | $3.4M | $3.4M | $886K | $598K | — | View 990 |
| 2016 | $3.5M | $3.4M | $392K | $147K | — | View 990 |
| 2015 | $3.2M | $3.2M | $203K | $103K | — | View 990 |
| 2014 | $3.2M | $3.2M | $200K | $96K | — | View 990 |
| 2013 | $3.0M | $3.0M | $277K | $106K | — | View 990 |
| 2012 | $3.1M | $3.0M | $229K | $57K | — | View 990 |
| 2011 | $2.7M | $2.6M | $426K | $268K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $5.6M, expenses of $5.3M, and assets of $1.4M (revenue +22.5% year-over-year).
- 2023: Revenue of $4.5M, expenses of $4.5M, and assets of $1.1M (revenue +7.8% year-over-year).
- 2022: Revenue of $4.2M, expenses of $4.2M, and assets of $1.1M (revenue +8.5% year-over-year).
- 2021: Revenue of $3.9M, expenses of $3.3M, and assets of $1.1M (revenue -4.3% year-over-year).
- 2020: Revenue of $4.1M, expenses of $4.0M, and assets of $937K (revenue +17.7% year-over-year).
- 2019: Revenue of $3.4M, expenses of $3.4M, and assets of $859K (revenue +1.4% year-over-year).
- 2018: Revenue of $3.4M, expenses of $3.4M, and assets of $754K (revenue -0.5% year-over-year).
- 2017: Revenue of $3.4M, expenses of $3.4M, and assets of $886K (revenue -3.5% year-over-year).
- 2016: Revenue of $3.5M, expenses of $3.4M, and assets of $392K (revenue +11.0% year-over-year).
- 2015: Revenue of $3.2M, expenses of $3.2M, and assets of $203K (revenue +0.7% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.2M, and assets of $200K (revenue +5.2% year-over-year).
- 2013: Revenue of $3.0M, expenses of $3.0M, and assets of $277K (revenue -1.6% year-over-year).
- 2012: Revenue of $3.1M, expenses of $3.0M, and assets of $229K (revenue +14.8% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.6M, and assets of $426K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charles School:
Data Sources and Methodology
This transparency report for Charles School is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.