Charter Fund Inc
96% goes to programs $0 to raise $100 Strong reserves
Charter Fund Inc is a 501(c)(3) organization based in Denver, Colorado, registered in 2025, with $232,401,456 in FY2024 revenue. CharityIndex grades it A+, and it directs about 96% of spending to programs.
1390 Lawrence St Ste 300, Denver, CO, 80204 EIN 05-0620063 Since 2025
Revenue (FY2024)
$232.4M
▲ 63.8% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$189.6M
Net assets
$670.7M
Employees
86
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating96% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Charter Fund Inc: 96% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating42 mo reserves · +18% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Charter Fund Inc: 42 mo reserves · +18% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Charter Fund Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Charter Fund Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Identify, support, and grow the country's best nonprofit public charter schools.
Contact & location
- Address
- 1390 Lawrence St Ste 300, Denver, CO, 80204
- City
- Denver
- State
- Colorado
- Subcategory
- Private Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $53.2M (FY2014) to $232.4M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $49.6MNet assets $670.7M
Operating margin
18.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$720.3M
Total liabilities
$49.6M
Net assets
$670.7M
Salaries & benefits
$15.7M
8% of expenses
Board members
13
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $232,401,456▲63.8% | $189,583,844▲29.0% | $670,662,505▲7.5% | $720,288,020▲6.5% | 990 |
| 2023 | $141,916,499▼25.3% | $147,020,188▲30.1% | $623,716,271 | $676,412,713▲0.1% | 990PF |
| 2022 | $190,039,004▼24.6% | $113,002,214▲49.1% | $623,790,663▲11.9% | $676,007,354▲11.5% | 990PF |
| 2021 | $251,921,544▲68.7% | $75,792,340▼14.0% | $557,423,188▲44.7% | $606,047,129▲39.0% | 990PF |
| 2020 | $149,305,777▲94.1% | $88,155,799▲26.8% | $385,151,920▲19.6% | $435,873,110▲20.3% | 990PF |
| 2019 | $76,926,295▼64.4% | $69,538,580▲11.8% | $321,927,296▲2.9% | $362,249,098▲2.6% | 990PF |
| 2018 | $216,260,861▲199% | $62,209,549▼9.6% | $312,825,371▲69.9% | $353,103,575▲62.6% | 990PF |
| 2017 | $72,388,472▲20.3% | $68,848,259▲15.5% | $184,158,001▲1.6% | $217,176,094▲10.8% | 990PF |
| 2016 | $60,156,119▲8.2% | $59,627,808▼3.6% | $181,196,008▲0.4% | $196,032,843▼2.3% | 990PF |
| 2015 | $55,607,056▲4.5% | $61,858,680▲22.2% | $180,396,119▼3.5% | $200,620,807▼3.1% | 990PF |
| 2014 | $53,237,265 | $50,608,750 | $186,950,564 | $207,144,402 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Kevin Hall — $613,000 (0.32% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kevin Hall | President | 40 | $613,000 |
| Darryl Cobb | Vice President | 40 | $465,500 |
| Kathleen Hamel | Partner | 40 | $319,042 |
| Richard Billings | Asst Secretary (thru 3/24), Partner | 40 | $319,042 |
| Marcia Aaron | Partner | 40 | $312,333 |
| Pamela Inbasekaran | Coo/assistant Secretary | 40 | $312,333 |
| Eric Chan | Partner | 40 | $308,083 |
| Joseph Ferguson | Partner | 40 | $308,083 |
| Thomas Eric | Partner | 40 | $308,083 |
| Ebony Lee | Chief External Affairs Officer | 40 | $301,000 |
| Julie Maier | Vice President (thru 1/24) | 1 | $39,086 |
| Allan Golston | Director, Treasurer | 1 | — |
| Anilu Vazquez-ubarri | Director | 1 | — |
| Charlene Reid | Director | 1 | — |
| Constance Jones | Director | 1 | — |
| Dee Haslam | Director | 1 | — |
| Fidel Vargas | Director | 1 | — |
| James Rahn | Director, Secretary | 1 | — |
| Jessie Woolley-wilson | Director | 1 | — |
| John Fisher | Director, Board Chair | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| 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 |
Grants received · $275.6M total
46 grants to Charter Fund Inc totaling $275.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2024 | $10,000,000 |
| Community Foundation of Greater Memphis Inc | General operational support | 2024 | $1,443,182 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $20,000,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2023 | $10,000,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $2,000,600 |
| Community Foundation of Greater Memphis Inc | General operational support | 2023 | $2,000,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $500,000 |
| National Philanthropic Tr | Human services | 2022 | $25,000,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $2,300,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $2,000,200 |
| Community Foundation of Greater Memphis Inc | General operational support | 2022 | $2,000,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2022 | $1,000,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2021 | $2,500,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $2,000,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $2,000,000 |
Grants made · $143.5M in FY2024
304 grants totaling $143.5M in FY2024 — showing the 15 largest. All grants made by Charter Fund Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Success Academy Charter Schools Inc | Charter school growth | $8,606,615 |
| Colorado Schools Fund | Charter school capacity-building | $7,000,000 |
| Blueprint Texas | Charter school capacity-building | $5,000,000 |
| Memphis Education Fund Inc | Charter school capacity-building | $3,360,000 |
| Harmony Public Schools | Charter school growth | $3,000,000 |
| Dove Schools | Charter school growth | $2,185,000 |
| Valor Texas Education Foundation | Charter school growth | $2,100,000 |
| Democracy Prep Public Schools | Charter school growth | $2,036,000 |
| Greathearts Foundation | Charter school growth | $2,000,000 |
| Murmuration Research Institute Inc | Charter school capacity-building | $2,000,000 |
| Wallace Stegner Academy | Charter school growth | $1,800,000 |
| Rocketship Public Schools Texas | Charter school growth | $1,750,000 |
| Yes Prep Public Schools Inc | Charter school growth | $1,750,000 |
| Cambiar Education | Impact and innovation | $1,650,000 |
| The Academy Charter School | Charter school capacity-building | $1,557,358 |
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Compare Charter Fund Inc
Frequently asked questions
- Is Charter Fund Inc a legitimate nonprofit?
- Yes. Charter Fund Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 05-0620063, based in Denver, Colorado. Donations are tax-deductible.
- What is Charter Fund Inc's EIN?
- Charter Fund Inc's Employer Identification Number (EIN) is 05-0620063.
- How much revenue does Charter Fund Inc report?
- Charter Fund Inc reported $232,401,456 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Charter Fund Inc's spending goes to programs?
- Charter Fund Inc spends about 96% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Charter Fund Inc have?
- CharityIndex grades Charter Fund Inc A+, based on program efficiency and fundraising cost.
- How much does Charter Fund Inc's highest-paid employee make?
- The highest reported compensation on Charter Fund Inc's latest Form 990 is $613,000, paid to Kevin Hall (President).
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Data for Charter Fund Inc (EIN 05-0620063) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.