Able Charter Schools

Analysis

Able Charter Schools is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in September 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 June 2023, Able Charter Schools reported income of $20.9m and spending of $18.6m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.3m to $20.9m (+104%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Able Charter Schools 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 Kennedy Childrens Center ($20.9m), Excel Academy Charter Schools ($20.9m) and Griffin Technology Academies ($20.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $251k (1.3% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $38.4m against liabilities of $26.4m, net assets of $12.0m. It reported 214 employees.