Ilead Online Charter School

Analysis

Ilead Online Charter School is a registered charity in United States, based in Acton, CA. It received its IRS tax-exemption ruling in June 2019, 7 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, Ilead Online Charter School reported income of $5.2m and spending of $5.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.4m to $5.2m (-29%), an average of -8.1% a year. The sharpest change came in the year to June 2020, when income dropped by 62%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ilead Online Charter School 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 Weatherford Christian School ($5.2m), New England Commission of Higher Education Inc ($5.2m) and Winthrop University Foundation ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $111k (2.2% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $3.8m against liabilities of $1.6m, net assets of $2.3m. It reported 94 employees.