Equitas Academy Charter School Inc

Analysis

Equitas Academy Charter School Inc is a registered charity in United States, based in Los Angeles, 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Equitas Academy Charter School Inc reported income of $41.7m and spending of $40.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.5m to $41.7m (+70%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Equitas Academy Charter School Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Business for Social Responsibility ($41.6m), Clarke University of Dubuque Iowa ($41.7m) and Bryn Mawr School for Girls of Baltimore City ($41.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $649k (1.6% of expenses). Other salaries and wages came to $16.0m. At year end it held assets of $115.0m against liabilities of $95.5m, net assets of $19.5m. It reported 306 employees.