Altus Schools Southern California

Analysis

Altus Schools Southern California is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Altus Schools Southern California reported income of $28.2m and spending of $26.2m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.6m to $28.2m (+107%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Altus Schools Southern California sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Canterbury School Incorporated ($28.2m), New York University School of Law Foundation ($28.2m) and University of South Dakota Foundation ($28.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $442k (1.7% of expenses). Other salaries and wages came to $9.9m. At year end it held assets of $31.6m against liabilities of $12.1m, net assets of $19.5m. It reported 231 employees.