Live Oak Academy

Analysis

Live Oak Academy is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in September 2006, 20 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 June 2024, Live Oak Academy reported income of $2.2m and spending of $2.1m, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.7m to $2.2m (+30%), an average of +5.4% a year. The sharpest change came in the year to June 2021, when income rose by 1455%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Live Oak Academy sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include New Horizon School for the Perfoming Arts ($2.2m), Legacy Preparatory Academy Inc ($2.2m) and Southeastern Academy Inc ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $249k (12% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $709k against liabilities of $130k, net assets of $579k. It reported 71 employees.