Ace Charter School

Analysis

Ace Charter School is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in January 2009, 17 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, Ace Charter School reported income of $21.3m and spending of $21.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.3m to $21.3m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ace Charter School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Bnos Bais Yaakov of Far Rockaway ($21.3m), Fellowship Christian School Inc ($21.3m) and After-School All-Stars Los Angeles ($21.3m).

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 $293k (1.4% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $26.5m against liabilities of $21.5m, net assets of $5.0m. It reported 241 employees.