Siatech Inc

Analysis

Siatech Inc is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in July 2005, 21 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 2023, Siatech Inc reported income of $20.2m and spending of $20.9m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $21.0m to $20.2m (-3.8%), an average of -1.0% a year. The sharpest change came in the year to June 2022, when income dropped by 35%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Siatech Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Wissahickon Charter School ($20.2m), Tapestry Charter School ($20.2m) and LA Scuola International School ($20.2m).

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 $498k (2.4% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $10.1m against liabilities of $3.9m, net assets of $6.3m. It reported 147 employees.