Core Education Academy

Analysis

Core Education Academy is a registered charity in United States, based in Concord, CA. It received its IRS tax-exemption ruling in August 2016, 10 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, Core Education Academy reported income of $1.8m and spending of $1.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.8m (+74%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Core Education Academy sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include West Columbus Drop Back in ($1.8m), Lewis County Head Start ($1.8m) and The Maxine Giardina Charter School Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $186k (11% of expenses). Other salaries and wages came to $720k. At year end it held assets of $793k against liabilities of $37k, net assets of $756k. It reported 22 employees.