Samueli Academy

Analysis

Samueli Academy is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in July 2014, 12 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, Samueli Academy reported income of $15.9m and spending of $14.2m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.7m to $15.9m (+83%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Samueli Academy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Summit School Inc ($15.9m), Coral Academy of Science Reno ($15.9m) and Michigan High School Athletic Assn Inc ($15.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $373k (2.6% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $20.1m against liabilities of $12.6m, net assets of $7.5m. It reported 131 employees.