Soleil Academy Inc

Analysis

Soleil Academy Inc is a registered charity in United States, based in Lynwood, CA. It received its IRS tax-exemption ruling in June 2018, 8 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, Soleil Academy Inc reported income of $5.2m and spending of $5.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $5.2m (+243%), an average of +36% a year. The sharpest change came in the year to June 2020, when income rose by 43%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Soleil Academy Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include American Academy of Innovation ($5.2m), Center for Health Innovation ($5.2m) and Jewish Kids Groups Foundation Inc ($5.2m).

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 $163k (3.2% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $3.2m against liabilities of $1.6m, net assets of $1.6m. It reported 50 employees.