Altus Schools San Diego

Analysis

Altus Schools San Diego is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in March 2005, 21 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, Altus Schools San Diego reported income of $33.5m and spending of $34.6m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.3m to $33.5m (+11%), an average of +2.6% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Altus Schools San Diego sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Rutgers Preparatory School ($33.5m), University of Montana Foundation ($33.5m) and United Tribes Technical College ($33.4m).

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 $677k (2.0% of expenses). Other salaries and wages came to $13.2m. At year end it held assets of $58.9m against liabilities of $13.7m, net assets of $45.2m. It reported 187 employees.