Ace Charter School Foundation Inc

Analysis

Ace Charter School Foundation Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in January 2012, 14 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 2023, Ace Charter School Foundation Inc reported income of $1.0m and spending of $1.4m, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.0m (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2020, when income rose by 40%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ace Charter School Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Association of Inspectors General ($1.0m), Knoxville Entrepreneur Center ($1.0m) and Network for Young Adult Success ($1.0m).

At year end it held assets of $17.0m against liabilities of $16.2m, net assets of $851k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.