Folsom Educational Academy

Analysis

Folsom Educational Academy is a registered charity in United States, based in Folsom, CA. It received its IRS tax-exemption ruling in May 2013, 13 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 December 2023, Folsom Educational Academy reported income of $1.5m and spending of $1.3m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $684k to $1.5m (+113%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Folsom Educational Academy sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Open Data Watch ($1.5m), Sa Talent Inc ($1.5m) and Friends of Foundation Academy Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $963k. At year end it held assets of $573k against liabilities of $0, net assets of $573k. It reported 29 employees.