Olive Grove Charter Schools Inc

Analysis

Olive Grove Charter Schools Inc is a registered charity in United States, based in Santa Maria, CA. It received its IRS tax-exemption ruling in June 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, Olive Grove Charter Schools Inc reported income of $6.1m and spending of $6.5m, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $8.6m to $6.1m (-29%), an average of -11% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Olive Grove Charter Schools Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include The Creekside School ($6.1m), Outreach Community Development Corporation Inc ($6.1m) and Archway Classical Academy Mesa ($6.1m).

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 $182k (2.8% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $6.0m against liabilities of $3.9m, net assets of $2.1m. It reported 68 employees.