Granada Hills Charter

Analysis

Granada Hills Charter is a registered charity in United States, based in Granada Hills, CA. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Granada Hills Charter reported income of $101.0m and spending of $92.5m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $60.2m to $101.0m (+68%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Granada Hills Charter sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include University of Virginia Darden School Foundation ($100.8m), University of California Irvine Foundation ($101.1m) and Charles Drew University of Medicine & Science ($100.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $4.2m (4.6% of expenses). Other salaries and wages came to $39.8m. At year end it held assets of $179.5m against liabilities of $127.7m, net assets of $51.7m. It reported 728 employees.