Highland Academy Charter School

Analysis

Highland Academy Charter School is a registered charity in United States, based in Beaumont, CA. It received its IRS tax-exemption ruling in August 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, Highland Academy Charter School reported income of $4.4m and spending of $3.5m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $4.4m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Highland Academy Charter School sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Casa Di Mir Montessori Elementary School ($4.4m), Contractors Safety Council of the Coastal Bend Inc ($4.4m) and New Breath Foundation ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $280k (8.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.6m against liabilities of $936k, net assets of $2.7m. It reported 58 employees.