Rio Hondo Education Consortium

Analysis

Rio Hondo Education Consortium is a registered charity in United States, based in Whittier, 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 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, Rio Hondo Education Consortium reported income of $12.2m and spending of $11.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $12.2m (+109%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 48%. 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, Rio Hondo Education Consortium sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Florida High School for Accelerated Learning - Miami Campus ($12.1m), Orange County Elementary Arts Academy ($12.2m) and Simmons College of Kentucky Inc ($12.1m).

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 $402k (3.4% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $4.9m against liabilities of $1.9m, net assets of $2.9m. It reported 424 employees.