Highlands Adult & Community Charter School

Analysis

Highlands Adult & Community Charter School is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in September 2016, 10 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, Highlands Adult & Community Charter School reported income of $137.4m and spending of $91.5m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.5m to $137.4m (+642%), an average of +65% a year. The sharpest change came in the year to June 2023, when income rose by 108%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Highlands Adult & Community Charter School sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include West Virginia Univ Foundation Inc ($137.2m), Lindenwood Education System ($137.7m) and Pinecrest Academy Inc ($137.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $610k (0.7% of expenses). Other salaries and wages came to $33.5m. At year end it held assets of $80.2m against liabilities of $14.5m, net assets of $65.8m. It reported 483 employees.