Iftin Charter School

Analysis

Iftin Charter School is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in March 2007, 19 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, Iftin Charter School reported income of $7.4m and spending of $7.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $7.4m (+83%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iftin Charter School 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 94th percentile within CA. Charities of a similar size with the same main cause include Nova Charter School ($7.4m), Discovery Charter School Group ($7.4m) and Extension Foundation ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $535k (7.2% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $4.8m against liabilities of $2.5m, net assets of $2.2m. It reported 103 employees.