Temecula International Academy

Analysis

Temecula International Academy is a registered charity in United States, based in Temecula, CA. It received its IRS tax-exemption ruling in October 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, Temecula International Academy reported income of $3.6m and spending of $2.5m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.6m (+78%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Temecula International Academy sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Massachusetts Biotechnology Education Foundation Inc ($3.6m), Seacoast Christian Academy Inc ($3.6m) and San Juan College Foundation ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $125k (5.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.3m against liabilities of $289k, net assets of $3.0m. It reported 46 employees.