Hollywood Schoolhouse Inc

Analysis

Hollywood Schoolhouse Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2000, 26 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, Hollywood Schoolhouse Inc reported income of $8.9m and spending of $9.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.2m to $8.9m (+8.9%), an average of +2.2% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hollywood Schoolhouse Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Rochester Math & Science Academy ($8.9m), Lumin Education ($8.9m) and Institute of Church Administration and Management ($8.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $549k (6.0% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $12.1m against liabilities of $3.9m, net assets of $8.2m. It reported 90 employees.