San Jose Charter Academy

Analysis

San Jose Charter Academy is a registered charity in United States, based in West Covina, CA. It received its IRS tax-exemption ruling in August 2012, 14 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, San Jose Charter Academy reported income of $19.5m and spending of $18.0m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.8m to $19.5m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, San Jose Charter Academy sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Saint Edwards School ($19.5m), Media Matters for America ($19.6m) and Warren Easton Sr High School Foundation Inc ($19.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $559k (3.1% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $11.2m against liabilities of $4.5m, net assets of $6.7m. It reported 193 employees.