Laverne Elementary Preparartory Academy Foundation

Analysis

Laverne Elementary Preparartory Academy Foundation is a registered charity in United States, based in Hesperia, CA. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2021, Laverne Elementary Preparartory Academy Foundation reported income of $2.9m and spending of $663k, leaving 77% of income unspent that year. Across the 3 years on record, from June 2019 to June 2021, income grew from $71k to $2.9m (+3966%), an average of +538% a year. The sharpest change came in the year to June 2021, when income rose by 2592%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laverne Elementary Preparartory Academy Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include City Heights Preparatory Charter School ($2.9m), Metropolitan Learning Institute Inc ($2.9m) and International Montessori School Inc ($2.9m).

At year end it held assets of $13.3m against liabilities of $11.7m, net assets of $1.5m.