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Education · 2023 Form 990

Charter Institute At Erskine: $244.3M Revenue, $189.3M Program Expenses

Columbia, South Carolina · EIN 823227586 · Filing year 2023

Charter Institute At Erskine reported $244.3M in total revenue, $242.7M in total expenses, and $11.9M in total assets on its 2023 IRS Form 990. 78.0% of expenses ($189.3M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: B (69/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

B
Efficiency Score
69/100

Key Facts (2023 Form 990)

Total Revenue
$244.3M
Total Expenses
$242.7M
Program Expenses
$189.3M
Program Expense Ratio
78.0%
Total Assets
$11.9M
Reserve Months
0.6 months
EIN
823227586
Latest 990 Year
2023
Top Officer Compensation
Not reported

Charter Institute At Erskine grades a B on the nonprofit efficiency rubric. 69/100 on the composite — above the national median, with strong performance on some factors balanced by middling performance on others.

Charter Institute At Erskine is a large nonprofit by U.S. standards: $244.3M in 2023 revenue against $242.7M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. Program-spending efficiency is strong: 80% of total expenses flow to program activities, above the 75% benchmark most third-party charity raters use.

Five-year revenue trajectory is strongly positive: Charter Institute At Erskine has grown materially in real terms, which usually signals successful fundraising and program expansion. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. In the Education category, Charter Institute At Erskine sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue ratios should be read.


$244.3M
Revenue
$242.7M
Expenses
$11.9M
Total Assets
78.0%
Program Spending

How Charter Institute At Erskine Compares

Charter Institute At Erskine directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 69/100 is 5 points below the Education category average. The organization holds 0.6 months of operating reserves, which is below the recommended 3-month minimum.

Financials

Where Your Donation Goes

$189.3M
Program Spending
78.0% of expenses
Not reported
CEO Compensation
0.6 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, for every dollar donated to Charter Institute At Erskine, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.

Trend

Revenue History


Charter Institute At Erskine has an Efficiency Score of B (69/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

Charter Institute At Erskine, Donor FAQ

Charter Institute At Erskine has an Efficiency Score of B (69/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

CEO/officer compensation for Charter Institute At Erskine is not reported in the most recent IRS 990 filing on file.

Charter Institute At Erskine reported $244.3M in annual revenue and $242.7M in total expenses for filing year 2023. The organization holds $11.9M in total assets.

For every dollar donated to Charter Institute At Erskine, approximately 78.0 cents goes to program activities. The organization has 0.6 months of operating reserves, providing financial stability to sustain its mission.

Charter Institute At Erskine is a registered 501(c) organization with EIN 823227586, based in Columbia, South Carolina. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.