Ridgecrest Charter School

Analysis

Ridgecrest Charter School is a registered charity in United States, based in Ridgecrest, CA. It received its IRS tax-exemption ruling in June 2003, 23 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, Ridgecrest Charter School reported income of $4.1m and spending of $4.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.0m to $4.1m (-18%), an average of -4.7% a year. The sharpest change came in the year to June 2023, when income rose by 55%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ridgecrest Charter School sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Nonprofit New School of Northern Virginia Inc ($4.1m), Collin County Cornerstone Christian Academy ($4.1m) and Enormous Changes Inc ($4.1m).

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 $144k (3.6% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $5.1m against liabilities of $697k, net assets of $4.4m. It reported 66 employees.