Empire Springs Charter School

Analysis

Empire Springs Charter School is a registered charity in United States, based in Temecula, CA. It received its IRS tax-exemption ruling in June 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, Empire Springs Charter School reported income of $22.9m and spending of $18.5m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.8m to $22.9m (+79%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Empire Springs Charter School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Und Aerospace Foundation ($22.9m), Lemnis ($23.0m) and Asheville School Incorporated ($22.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $40k (0.2% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $15.3m against liabilities of $4.3m, net assets of $11.0m. It reported 242 employees.