Ilead California Charters 1

Analysis

Ilead California Charters 1 is a registered charity in United States, based in Acton, CA. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ilead California Charters 1 reported income of $50.5m and spending of $45.7m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.1m to $50.5m (+74%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ilead California Charters 1 sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Florida Memorial University Inc ($50.4m), Darlington School ($50.7m) and Universidad Del Sagrado Corazon Inc ($50.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $206k (0.5% of expenses). Other salaries and wages came to $25.2m. At year end it held assets of $26.1m against liabilities of $11.3m, net assets of $14.8m. It reported 545 employees.