Compass Charter Schools

Analysis

Compass Charter Schools is a registered charity in United States, based in Thousand Oaks, CA. It received its IRS tax-exemption ruling in June 2014, 12 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, Compass Charter Schools reported income of $33.1m and spending of $33.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.5m to $33.1m (+114%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 84%. 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, Compass Charter Schools sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Franklin W Olin College of Engineering Inc ($33.0m), Norfolk Academy ($33.1m) and Caliber Public Schools ($33.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $242k (0.7% of expenses). Other salaries and wages came to $15.8m. At year end it held assets of $15.5m against liabilities of $6.1m, net assets of $9.5m. It reported 245 employees.