Pacific Coast Academy

Analysis

Pacific Coast Academy is a registered charity in United States, based in Poway, CA. It received its IRS tax-exemption ruling in November 2017, 9 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, Pacific Coast Academy reported income of $65.5m and spending of $62.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.9m to $65.5m (+99%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pacific Coast Academy sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Christian Brothers University ($65.4m), Thomas More University Inc ($65.6m) and Trustees for Harvard University ($65.4m).

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 $443k (0.7% of expenses). Other salaries and wages came to $29.4m. At year end it held assets of $21.7m against liabilities of $9.3m, net assets of $12.4m. It reported 349 employees.