Alliance for College-Ready Public Schools Facilities Corporation

Analysis

Alliance for College-Ready Public Schools Facilities Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2011, 15 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, Alliance for College-Ready Public Schools Facilities Corporation reported income of $17.4m and spending of $18.2m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.2m to $17.4m (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2020, when income rose by 26%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alliance for College-Ready Public Schools Facilities Corporation 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 Innovative Learning Inc ($17.4m), Manhattan Star Academy ($17.4m) and Seaside School Consortium Inc ($17.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.9% and program service revenue 90% of the total. At year end it held assets of $234.1m against liabilities of $216.9m, net assets of $17.2m.

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.