Pacific East Quality Education

Analysis

Pacific East Quality Education is a registered charity in United States, based in Mountain View, CA. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Pacific East Quality Education reported income of $9.3m and spending of $8.2m, spending 88% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $9.2m to $9.3m (+0.3%), an average of +0.1% a year. The sharpest change came in the year to July 2020, when income dropped by 22%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pacific East Quality Education sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Teaneck Community Charter School a New Jersey Nonprofit Corporation ($9.3m), Epic Academy ($9.3m) and Worcester Preparatory School Inc ($9.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $781k (9.6% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $8.2m against liabilities of $6.1m, net assets of $2.1m. It reported 104 employees.