Craig School

Analysis

Craig School is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in May 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, Craig School reported income of $2.6m and spending of $2.3m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $2.6m (+87%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Craig School sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Jusoor ($2.6m), Red Wine & Blue Education Fund ($2.6m) and Delta Zeta Foundation ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $2.1m against liabilities of $433k, net assets of $1.7m. It reported 28 employees.