Ceiba Public Schools

Analysis

Ceiba Public Schools is a registered charity in United States, based in Watsonville, CA. It received its IRS tax-exemption ruling in March 2008, 18 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, Ceiba Public Schools reported income of $8.9m and spending of $8.3m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.5m to $8.9m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2020, when income rose by 29%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ceiba Public Schools sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Equipo Academy ($8.9m), Manzano Day School ($8.9m) and Cowboy Joe Club Inc ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $212k (2.5% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $10.6m against liabilities of $3.1m, net assets of $7.4m. It reported 71 employees.