Bella Mente Charter School

Analysis

Bella Mente Charter School is a registered charity in United States, based in Vista, CA. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bella Mente Charter School reported income of $7.7m and spending of $7.9m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.3m to $7.7m (-25%), an average of -7.0% a year. The sharpest change came in the year to June 2020, when income dropped by 32%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bella Mente Charter School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include University High School ($7.7m), Psasb Inc ($7.7m) and American Association of Veterinary Medical Colleges ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $143k (1.8% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $39.3m against liabilities of $32.4m, net assets of $6.9m. It reported 89 employees.