Candeo Schools Inc

Analysis

Candeo Schools Inc is a registered charity in United States, based in Peoria, AZ. It received its IRS tax-exemption ruling in August 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, Candeo Schools Inc reported income of $9.0m and spending of $7.2m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $9.0m (+88%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Candeo Schools Inc 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 94th percentile within AZ. Charities of a similar size with the same main cause include Crown Point Christian School Association Inc ($9.0m), Chapter One NFP ($9.0m) and The Riviera Ridge School ($9.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $229k (3.2% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $24.0m against liabilities of $17.6m, net assets of $6.4m. It reported 142 employees.