Excelsior Charter Group

Analysis

Excelsior Charter Group is a registered charity in United States, based in Victorville, CA. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Excelsior Charter Group reported income of $4.3m and spending of $3.3m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $4.3m (+55%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Excelsior Charter Group sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Life Way Christian School Inc ($4.3m), St Gerard House ($4.3m) and Code Nation Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $234k (7.0% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $9.7m against liabilities of $2.8m, net assets of $6.9m. It reported 144 employees.