The O Farrell Charter Schools

Analysis

The O Farrell Charter Schools is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in April 2011, 15 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, The O Farrell Charter Schools reported income of $31.5m and spending of $27.3m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.5m to $31.5m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The O Farrell Charter Schools sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Daisy Education Corporation ($31.4m), Duke Corporate Education ($31.5m) and Scholarship Prep ($31.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $780k (2.9% of expenses). Other salaries and wages came to $15.1m. At year end it held assets of $45.7m against liabilities of $8.4m, net assets of $37.4m. It reported 334 employees.