East Palo Alto Academy Foundation

Analysis

East Palo Alto Academy Foundation is a registered charity in United States, based in Palo Alto, 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 2023, East Palo Alto Academy Foundation reported income of $1.8m and spending of $1.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.8m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2020, when income rose by 35%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, East Palo Alto Academy Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Fellowship Christian School Inc ($1.8m), New York Institute of English and Business Inc ($1.8m) and Life Male Science Technology Engineering Arts and Math Academy ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $204k (11% of expenses). Other salaries and wages came to $95k. At year end it held assets of $3.8m against liabilities of $532k, net assets of $3.3m. It reported 5 employees.