Sol Aureus College Preparatory

Analysis

Sol Aureus College Preparatory is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in October 2004, 22 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, Sol Aureus College Preparatory reported income of $4.6m and spending of $4.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $4.6m (+17%), an average of +4.0% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sol Aureus College Preparatory sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Sheet Metal Workers Local 20 Apprenticeship & Training TR ($4.6m), Bronxnet Public Media Corporation ($4.6m) and National Council on Teacher Quality ($4.6m).

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 $158k (3.5% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $5.7m against liabilities of $2.3m, net assets of $3.4m. It reported 48 employees.