BEducationEIN: 061717740· Ruling Year: 2008

Charlotte Secondary School Inc

Rutherfordton, North Carolina

DHealth Score
31D

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Poor

How This Organization Compares

Compared to 4 peers in Education with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org-1.73×
Peer Median20.77×
💰
$2.2M
Total Revenue
📊
$2.6M
Total Expenses
🏦
-$4.5M
Net Assets
📋
$7.7M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-20.8%
Year-over-year change (2022 → 2023)
Net Margin
-17.2%
Revenue minus expenses as % of revenue
Working Capital Ratio
-1.73
Net assets divided by total expenses
Liabilities-to-Assets
242.9%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$2,238,26021%$2,623,03220%$3,177,6198%
2022$2,826,42710%$3,258,72466%$3,456,04450%
2021$3,149,8209%$1,962,79424%$2,306,7391%
2020$2,886,4423%$2,574,7489%$2,318,968
2019$2,975,90912%$2,839,19618%$2,324,5906%
2018$3,381,7322%$3,476,2639%$2,475,3064%
2017$3,458,65714%$3,809,283$2,576,68430%
2016$4,036,00617%$3,803,53711%$1,979,35721%
2015$3,443,75831%$3,426,06822%$1,638,0653%
2014$2,635,87540%$2,803,30240%$1,589,709222%
2013$1,885,5961%$2,000,64513%$494,18329%
2012$1,871,1521%$1,773,7923%$691,4045%
2011$1,852,840$1,724,852$658,648

Frequently Asked Questions

What does Charlotte Secondary School Inc do?

Charlotte Secondary School Inc is a education nonprofit organization based in North Carolina. It is classified under NTEE code B29 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Charlotte Secondary School Inc financially healthy?

Based on our 9-metric Financial Health Score model, Charlotte Secondary School Inc has a score of 31/100 (Grade: D). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Charlotte Secondary School Inc generate?

Charlotte Secondary School Inc reports $2.3M in annual revenue and holds $2.4M in total assets, based on IRS filings.

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