California Childrens Academy

Analysis

California Childrens Academy is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, California Childrens Academy reported income of $13.8m and spending of $13.7m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $11.6m to $13.8m (+19%), an average of +6.1% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, California Childrens Academy 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 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Economic and Community Development Institute Inc ($13.8m), Brooklyn Plaza Medical Center ($13.8m) and Granite United Way ($13.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $193k (1.4% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $7.3m against liabilities of $6.5m, net assets of $783k. It reported 221 employees.