Sierra Educational Advancement Corporation

Analysis

Sierra Educational Advancement Corporation is a registered charity in United States, based in Lancaster, CA. It received its IRS tax-exemption ruling in December 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, Sierra Educational Advancement Corporation reported income of $9.1m and spending of $9.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $9.1m (+107%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sierra Educational Advancement Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Washington Market School ($9.1m), Ohio Carpenters Joint Apprenticeship and Training Trust ($9.1m) and Association of Graduates of the Usafa ($9.1m).

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 $46k (0.5% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $4.0m against liabilities of $3.2m, net assets of $805k. It reported 68 employees.