Twin Ridges Home Study Charter School

Analysis

Twin Ridges Home Study Charter School is a registered charity in United States, based in Nevada City, CA. It received its IRS tax-exemption ruling in September 2014, 12 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, Twin Ridges Home Study Charter School reported income of $2.6m and spending of $2.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.6m (+49%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 35%. 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, Twin Ridges Home Study Charter School sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Sinclair Community College Foundation ($2.6m), A Continuous Charity Foundation ($2.6m) and Brookfield Christian School Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $107k (4.4% of expenses). Other salaries and wages came to $935k. At year end it held assets of $1.7m against liabilities of $823k, net assets of $867k. It reported 37 employees.