Charter Academy of the Redwoods

Analysis

Charter Academy of the Redwoods is a registered charity in United States, based in Ukiah, CA. It received its IRS tax-exemption ruling in February 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 2024, Charter Academy of the Redwoods reported income of $4.6m and spending of $4.3m, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.4m to $4.6m (+35%), an average of +6.2% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charter Academy of the Redwoods sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Compass Academy ($4.6m), Community Christian Academy ($4.6m) and Mylan Park Foundation Inc ($4.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $213k (5.0% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $6.3m against liabilities of $1.5m, net assets of $4.8m. It reported 60 employees.