The Charles School fosters each child's unique potential and curiosity within a safe, nurturing environment. Students engage in authentic, standards based learning experiences that involve growth in academics and strong connections to our community. A School culture of quality and character building empowers students, as life-long learners to care for themselves, each other and the world. We are a member of the graham family of schools.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $198K a year · 4% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $112
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$80K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.2M
+9% vs prior year
Spent
$4.2M
To programs
99%
Net assets
$1.0M
By yearFY2021–FY2025
Revenue
$4.2M
FY2022▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2021$3.9M
FY2022$4.2M
FY2023$4.5M
FY2024$5.6M
FY2025$5.4M
Expenses
$4.2M
FY2022▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2021$3.3M
FY2022$4.2M
FY2023$4.5M
FY2024$5.3M
FY2025$5.3M
Net assets
$1.0M
FY2022▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2021$999K
FY2022$1.0M
FY2023$1.0M
FY2024$1.3M
FY2025$1.4M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $4.1M Management & general 1% · $31K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Charles School executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fosters child potential and curiosity through authentic learning and community connections.

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Provided by the organization

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1 program · $4.1M · in their own filed words · FY2021
01

The school provided education to approximately 300 students grades 9-12

$4.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$112

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$4.2M
Ln 12
Gifts and grantsLn 1h$4.2M
Money outPt IX
$4.2M
Ln 25
Programscol B$4.1M
Managementcol C$31K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$428K
Total assetsLn 16$1.1M
LiabilitiesLn 26$80K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.2M
Government grantsLn 1e$4.2M
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$4.2M
Assets in detailPt X, end of year
CashLn 1$428K
Cash and savings togetherLn 1–2$428K
Land, buildings, equipmentLn 10c$621K
Total assetsLn 16$1.1M
LiabilitiesLn 26$80K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$339K$428K
Land, buildings, equipmentLn 10c$553K$621K
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$132K$80K
Net assetsLn 32$999K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$3.1M$3.1M
Conferences, conventions and meetingsLn 19$106K$106K
Depreciation, depletion and amortizationLn 22$31K$31K
Other expenses (24a–d)Ln 24$941K$941K$0$0
Total functional expensesLn 25$4.2M$4.1M$31K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.4M$5.3M$89K$1.4M 990 PDF
FY2024 $5.6M$5.3M$256K$1.3M 990 PDF
FY2023 $4.5M$4.5M$6K$1.0M 990 PDF
FY2022 Viewing $4.2M$4.2M$36K$1.0M 990 PDF
FY2021 $3.9M$3.3M$600K$999K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $4,214,167 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,871,995$4,214,167
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $396$0
I-11 Other revenuePrior year $10,922$0
I-12 Total revenuePrior year $3,883,313$4,214,167
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,282,944$4,177,865
I-18 Total expensesPrior year $3,282,944$4,177,865
I-19 Revenue less expensesPrior year $600,369$36,302
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,214,167 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$4,187,562
VIII-1f All other contributions, gifts and grants$26,605
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$4,214,167
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$4,214,167
Part IX · Statement of functional expenses $4,177,865 across 4 lines filed
IX-11a Management feesPrograms $3,099,642$3,099,642
IX-19 Conferences, conventions and meetingsPrograms $105,845$105,845
IX-22 Depreciation, depletion and amortizationManagement $31,039$31,039
IX-24 Other expenses (24a–d)Programs $941,339 · Management $0 · Fundraising $0$941,339
IX-25 Total functional expensesPrograms $4,146,826 · Management $31,039 · Fundraising $0$4,177,865
Part X · Balance sheet $1,115,815 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $338,912$428,237
X-3 Pledges and grants receivableStart of year $239,817$66,441
X-10c Land, buildings and equipment, netStart of year $552,963$621,137
X-16 Total assetsStart of year $1,131,692$1,115,815
X-17 Accounts payable and accrued expensesStart of year $132,215$80,036
X-26 Total liabilitiesStart of year $132,215$80,036
X-27 Net assets without donor restrictionsStart of year $999,477$1,035,779
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $999,477$1,035,779
X-33 Total liabilities and net assetsStart of year $1,131,692$1,115,815
Part XI · Reconciliation of net assets $1,035,779 net assets at year end
XI-1 Total revenue$4,214,167
XI-2 Total expenses$4,177,865
XI-3 Revenue less expenses$36,302
XI-4 Net assets at start of year$999,477
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,035,779

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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