Golden Valley Charter Schools for Education Renewal

Analysis

Golden Valley Charter Schools for Education Renewal is a registered charity in United States, based in Folsom, CA. It received its IRS tax-exemption ruling in May 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, Golden Valley Charter Schools for Education Renewal reported income of $8.1m and spending of $8.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.0m to $8.1m (+34%), an average of +7.7% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Golden Valley Charter Schools for Education Renewal sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Macaulay Honors College Foundation ($8.1m), Craig School ($8.1m) and Grauer Foundation for Education ($8.1m).

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 $338k (4.2% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $2.6m against liabilities of $1.6m, net assets of $1.0m. It reported 129 employees.