Fresno Innovative Charter Schools Inc

Analysis

Fresno Innovative Charter Schools Inc is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in August 2014, 12 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, Fresno Innovative Charter Schools Inc reported income of $4.7m and spending of $3.3m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $38.1m to $4.7m (-88%), an average of -41% a year. The sharpest change came in the year to June 2020, when income dropped by 90%. Over the whole period it spent 30% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fresno Innovative Charter Schools Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Social Justice Public Charter School Inc ($4.7m), Delta Dental of Wisconsin Foundation Inc ($4.7m) and PHCS Inc ($4.7m).

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 $356k (11% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $7.6m against liabilities of $1.0m, net assets of $6.5m. It reported 45 employees.