Tracy Learning Center-Discovery Charter School

Analysis

Tracy Learning Center-Discovery Charter School is a registered charity in United States, based in Tracy, CA. It received its IRS tax-exemption ruling in March 2005, 21 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, Tracy Learning Center-Discovery Charter School reported income of $18.4m and spending of $15.2m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.1m to $18.4m (+40%), an average of +8.9% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tracy Learning Center-Discovery Charter School 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 Eastern Aleutian Tribes Inc ($18.4m), International Academy Williamson County ($18.4m) and Tohono O Odham Community College ($18.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $177k (1.2% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $12.9m against liabilities of $3.1m, net assets of $9.8m. It reported 196 employees.