Aerostem Academy Inc

Analysis

Aerostem Academy Inc is a registered charity in United States, based in Yuba City, CA. It received its IRS tax-exemption ruling in May 2019, 7 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, Aerostem Academy Inc reported income of $2.2m and spending of $2.3m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $905k to $2.2m (+147%), an average of +25% a year. The sharpest change came in the year to June 2020, when income rose by 78%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aerostem Academy Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Brazosport Christian School Inc ($2.2m), PBS Learning Institute Inc ($2.2m) and Humble Christian School ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $240k (10% of expenses). Other salaries and wages came to $623k. At year end it held assets of $1.0m against liabilities of $962k, net assets of $74k. It reported 37 employees.