Old Town Academy

Analysis

Old Town Academy is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in August 2016, 10 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, Old Town Academy reported income of $3.5m and spending of $3.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $3.5m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Old Town Academy sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include University Cooperative Housing Association ($3.5m), Illinois Library Association ($3.5m) and Wisconsin Eschool Network Inc ($3.5m).

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 $126k (3.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.0m against liabilities of $1.8m, net assets of $1.2m. It reported 52 employees.