Centro Las Olas

Analysis

Centro Las Olas is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 2007, 19 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 August 2024, Centro Las Olas reported income of $372k and spending of $361k, spending 97% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $226k to $372k (+64%), an average of +10% a year. The sharpest change came in the year to August 2020, when income rose by 40%. 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, Centro Las Olas sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Parent Booster USA Inc ($372k), Lao Advancement Organization of America ($372k) and Montessori of Oahu Foundation ($372k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $78k (22% of expenses). Other salaries and wages came to $168k. At year end it held assets of $394k against liabilities of $75k, net assets of $320k. It reported 6 employees.