Sierra Nevada Academy Charter School

Analysis

Sierra Nevada Academy Charter School is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in January 2020, 6 years ago. 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, Sierra Nevada Academy Charter School reported income of $3.6m and spending of $4.6m, spending 126% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.5m to $3.6m (+2.7%), an average of +0.9% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sierra Nevada Academy Charter School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NV. Charities of a similar size with the same main cause include Cradle to Cradle Products Innovation Institute Inc ($3.6m), Bridge to Hope Woc Inc ($3.6m) and Saint Josephs Home of Our Lady of Mt Carmel Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $220k (4.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $12.7m against liabilities of $15.1m, net assets of -$2.4m. It reported 27 employees.