Fuente Nueva Charter School

Analysis

Fuente Nueva Charter School is a registered charity in United States, based in Arcata, CA. It received its IRS tax-exemption ruling in December 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 2024, Fuente Nueva Charter School reported income of $2.4m and spending of $2.5m, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.5m to $2.4m (+60%), an average of +9.8% a year. The sharpest change came in the year to June 2023, when income rose by 21%. 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, Fuente Nueva Charter School sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Southeastern Free Will Baptist Bible College Inc ($2.4m), Jacksonville Public Education Fund Inc ($2.4m) and New Vistas School of Central Virginia Inc ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $201k (8.0% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $940k against liabilities of $110k, net assets of $830k. It reported 34 employees.