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Charter Fund
Also known as Charter School Growth Fund
Charter Fund reported $232.4 million in revenue and $189.6 million in expenses for calendar year 2024. Of every $100 it spent, $95.62 went to program services, $3.92 to management and general costs and $0.46 to fundraising. Its largest source of revenue was contributions and grants: 92.2% of the total. The highest compensation it reported for one person was $657,208 (PRESIDENT). 58 people received more than $100,000 in reportable compensation. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $190MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $232MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 95.6% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 3.9% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.5% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 92.2% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 2.7% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $657,208 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.35% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 58 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 42.5 | 56.6 |
| Independent voting board members Part VI 1a–1b | 12 of 13 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseCsgf only supports organizations that demonstrate an impact on underserved student populations and outstanding value-added academic gains. The fund focuses on geographic areas supportive of further expansion of charter schools. Csgf incurred $150,096,573 of grant expense to or for the benefit of charter schools and incurred additional charitable expenses of $31,194,910 during the calendar year ended december 31, 2024. In addition, csgf issued $ 29,530,047 of program-related investment (pri) loans to charter school management organizations during the calendar year ending december 31, 2024. See…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 40.00 hrs/week | $613,000 | $0 | $44,208 | $657,208 |
| VICE PRESIDENT Officer, 40.00 hrs/week | $465,500 | $0 | $41,976 | $507,476 |
| ASST SECRETARY (THRU 3/24), PARTNER Officer, 40.00 hrs/week | $319,042 | $0 | $35,866 | $354,908 |
| COO/ASSISTANT SECRETARY Officer, 40.00 hrs/week | $312,333 | $0 | $34,453 | $346,786 |
| PARTNER Highest compensated employee, 40.00 hrs/week | $308,083 | $0 | $35,457 | $343,540 |
| PARTNER Highest compensated employee, 40.00 hrs/week | $308,083 | $0 | $35,331 | $343,414 |
| PARTNER Highest compensated employee, 40.00 hrs/week | $312,333 | $0 | $28,501 | $340,834 |
| PARTNER Highest compensated employee, 40.00 hrs/week | $319,042 | $0 | $14,519 | $333,561 |
58 people received more than $100,000 in reportable compensation from Charter Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.2M (Part IX, line 5).
1 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b13 · 12 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 586
- Volunteers Part I, line 612
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| ATTUNED EDUCATION PARTNERS LLC School leadership support | $848,799 |
| COASTAL CLOUD LLC Salesforce system development | $649,124 |
| AFTON PARTNERS LLC Finance and governance consulting | $620,740 |
| BELLWETHER EDUCATION PARTNERS INC School leadership support | $478,200 |
| WELLS COACHING AND CONSULTING School leadership support | $461,767 |
Individuals listed as contractors are left out. 33 contractors were paid more than $100,000 in all.
Private foundation grants it received
8 private foundations reported grants to Charter Fund totaling $69M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Charter Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Charter Fund, you can publish a response that is linked from this page.
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Of every $100 Charter Fund spent in 2024, $95.62 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Charter Fund's spending goes to programs?
In calendar year 2024, Charter Fund reported that 95.6% of its $189.6 million in expenses went to program services, 3.9% to management and general and 0.5% to fundraising (Form 990, Part IX).
How much does Charter Fund pay its top executive?
The largest total compensation Charter Fund reported for one person in calendar year 2024 was $657,208, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Charter Fund get its money?
Of $232.4 million in revenue in calendar year 2024, 92.2% came from contributions and grants and 2.7% from program service revenue (Form 990, Part VIII).
Is Charter Fund a registered charity?
The IRS lists EIN 05-0620063 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533019349301738 · read the filing · XML
All filings for EIN 05-0620063: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.