Education
(B99)
IRS Verified
DX Registered
990 on File
ILLINOIS NETWORK OF CHARTER SCHOOLS
Financial strength (30%)
90/100
Reliability (20%)
70/100
Effectiveness (25%)
81/100
Impact (25%)
No data yet
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CharityAI™ Score
Not yet evaluated
Mission Statement
The Illinois Network of Charter Schools (INCS) is dedicated to the improvement of education by establishing high-quality charter public schools that transform lives and communities. As the voice of the Illinois charter schools, INCS advocates for legislation on behalf of the charter sector, provides support to strengthen charter schools, and influences education policy for the benefit of all public school students.
Financial Overview — FY 2024
$5.6M
Total Revenue
$4.9M
Total Expenses
$8.7M
Net Assets
16
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
89.3%
Fundraising Efficiency
N/A
Operating Reserve
21.36x
Liability-to-Asset
10.0%
Revenue Diversification
86.6%
Executive Compensation
$394K
Compared with Peers
FY 2024
Compared with 7,551 similar organizations
(United States, Education, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
89.3% | 84.5% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
8.9% | 12.8% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.8% | 0.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
21.4 mo | 9.0 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
10.0% | 18.6% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
86.6% | 89.9% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
24.0% | 7.7% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
15.7% | 8.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
12.4% | 2.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $5.6M | $4.9M | $8.7M | 89.3% | 16 |
| 2023 | $4.5M | $4.2M | $8.0M | 83.6% | 17 |
| 2022 | $2.8M | $2.9M | $7.2M | 75.5% | 20 |
| 2021 | $2.8M | $2.8M | N/A | — | 18 |
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