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Unity Classical Charter School a Challenge Foundation Academy

Charlotte, NC · EIN 46-4248675 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Unity Classical Charter School a Challenge Foundation Academy reported $14.3 million in revenue and $14.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $60.76 went to program services, $39.24 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 70.3% of the total. Government grants made up 69.7%. The highest compensation it reported for one person was $115,420 (EXECUTIVE DIRECTOR). 1 person received more than $100,000 in reportable compensation. Revenue rose 440% between FY2021 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $14M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $14M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
60.8%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
39.2%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
70.3%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
69.7%1.1%
Program service revenue share
Part VIII 2g ÷ 12
2.0%69.9%
Highest reported compensation
Part VII-A, columns D–F
$115,420$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.81%1.28%
People paid over $100,000
Part VII, line 2
18
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
1.713.3
Independent voting board members
Part VI 1a–1b
9 of 9100.0%

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

FY2025 · Form 990, Part III · the three largest programs by expense
$8.6M expenses · 100.0% of program spending

Core knowledge: all teachers in grades k - 8th grade have implemented using core knowledge for all of our social studies and science needs

— expenses

Core knowledge language arts: this language arts program has been completely implemented by all teachers in all classrooms serving k-8th grade. Furthermore, it is also being utilized in our exceptional children (ec) classrooms. This includes not only the instructional sections, but assessment, intervention, remediation, and enrichment sections as well

— expenses

Singapore math: this math curriculum has been completely implemented by all teachers in all classrooms serving k-8th grade. Furthermore, it is also being utilized in our exceptional children (ec) classrooms. This includes not only the instructional sections, but assessment, intervention, remediation, and enrichment sections as well

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
EXECUTIVE DIRECTOR
Highest compensated employee, 1.00 hrs/week
$115,420$0$0$115,420

1 people received more than $100,000 in reportable compensation from Unity Classical Charter School a Challenge Foundation Academy (Part VII, line 2).

5 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20MFY2021FY2022FY2023FY2024FY2025$14M$14M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$14M$14M60.8%$2.0M$115,420
FY2024 ⓘ$15M$13M58.8%$2.8M—
FY2023 ⓘ$7.6M$6.7M59.6%$723K—
FY2022 ⓘ$3.8M$3.4M76.2%$389K—
FY2021 ⓘ$2.7M$2.2M81.2%$971K—

Governance answers, as filed

FY2025 · 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–1b9 · 9 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aNo
  • Whistleblower policy Part VI 13No
  • Document retention policy Part VI 14No
  • Independent process for top executive pay Part VI 15aNo
  • Board given the 990 before filing Part VI 11aNo
  • 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 5142
  • Volunteers Part I, line 6260

Correct a figure or respond

Every number above is copied from Unity Classical Charter School a Challenge Foundation Academy's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Unity Classical Charter School a Challenge Foundation Academy, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in North Carolina

Questions people ask

How much of Unity Classical Charter School a Challenge Foundation Academy's spending goes to programs?

In the fiscal year ending June 30, 2025, Unity Classical Charter School a Challenge Foundation Academy reported that 60.8% of its $14.2 million in expenses went to program services, 39.2% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Unity Classical Charter School a Challenge Foundation Academy pay its top executive?

The largest total compensation Unity Classical Charter School a Challenge Foundation Academy reported for one person in the fiscal year ending June 30, 2025 was $115,420, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Unity Classical Charter School a Challenge Foundation Academy get its money?

Of $14.3 million in revenue in the fiscal year ending June 30, 2025, 70.3% came from contributions and grants (including 69.7% from government grants) and 2.0% from program service revenue (Form 990, Part VIII).

Is Unity Classical Charter School a Challenge Foundation Academy a registered charity?

The IRS lists EIN 46-4248675 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611139349300806 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500529349300830 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401299349302870 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349301243 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202230879349301003 · read the filing

All filings for EIN 46-4248675: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.