Hometech Charter School Inc

Analysis

Hometech Charter School Inc is a registered charity in United States, based in Oroville, CA. It received its IRS tax-exemption ruling in September 2015, 11 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, Hometech Charter School Inc reported income of $1.8m and spending of $1.5m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.8m (-6.5%), an average of -1.7% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hometech Charter School Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Literacy Network Inc ($1.8m), Bright Star Academy Inc ($1.8m) and Tidewater Community College Real Estate Foundation Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $238k (16% of expenses). Other salaries and wages came to $409k. At year end it held assets of $3.2m against liabilities of $1.2m, net assets of $2.0m. It reported 18 employees.