Paso Robles Charter School Project Inc

Analysis

Paso Robles Charter School Project Inc is a registered charity in United States, based in San Miguel, CA. It received its IRS tax-exemption ruling in August 2012, 14 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, Paso Robles Charter School Project Inc reported income of $7.4m and spending of $8.0m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $7.4m (+109%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 46%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Paso Robles Charter School Project Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Newark Educators Community Charter School ($7.3m), Young Scholars Charter School Inc ($7.4m) and Broward Education Foundation Inc ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $155k (1.9% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $19.2m against liabilities of $21.1m, net assets of -$1.9m. It reported 70 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.