Cabrillo Point Academy

Analysis

Cabrillo Point 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, Cabrillo Point Academy reported income of $57.4m and spending of $54.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $43.0m to $57.4m (+33%), an average of +7.5% a year. 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, Cabrillo Point Academy sits at the 98th percentile: it is larger than about 98% 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 Enoch Pratt Free Library of Baltimore City ($57.3m), Basis Texas Charter Schools Inc ($57.5m) and Charlotte Latin Schools Inc ($57.2m).

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 $441k (0.8% of expenses). Other salaries and wages came to $24.9m. At year end it held assets of $21.0m against liabilities of $8.5m, net assets of $12.5m. It reported 315 employees.