Voices College-Bound Language Academies

Analysis

Voices College-Bound Language Academies is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in June 2009, 17 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, Voices College-Bound Language Academies reported income of $23.7m and spending of $22.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.6m to $23.7m (+34%), an average of +7.7% 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, Voices College-Bound Language Academies sits at the 97th 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 98th percentile within CA. Charities of a similar size with the same main cause include Pacific Oaks Education Corporation ($23.7m), McCombs School of Business Foundation ($23.7m) and Pacoima Charter School ($23.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $327k (1.5% of expenses). Other salaries and wages came to $9.9m. At year end it held assets of $38.4m against liabilities of $21.9m, net assets of $16.4m. It reported 289 employees.