Griffin Technology Academies

Analysis

Griffin Technology Academies is a registered charity in United States, based in Vallejo, CA. It received its IRS tax-exemption ruling in March 2000, 26 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, Griffin Technology Academies reported income of $20.9m and spending of $22.4m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.6m to $20.9m (+65%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Griffin Technology Academies sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include The Foundation for Fresno Unified Students ($20.9m), Kennedy Childrens Center ($20.9m) and Array Education Inc ($20.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $352k (1.6% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $24.2m against liabilities of $11.5m, net assets of $12.6m. It reported 180 employees.