Camelback Education Inc

Analysis

Camelback Education Inc is a registered charity in United States, based in Glendale, AZ. It received its IRS tax-exemption ruling in September 2003, 23 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, Camelback Education Inc reported income of $7.6m and spending of $7.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $7.6m (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 22%. 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, Camelback Education Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within AZ. Charities of a similar size with the same main cause include Silicon Schools Fund Inc ($7.6m), Seven Generations Charter School Inc ($7.6m) and Institute for Native Pacific Education and Culture ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $192k (2.6% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $8.2m against liabilities of $7.1m, net assets of $1.1m. It reported 94 employees.