Allegiance Steam Academy Inc

Analysis

Allegiance Steam Academy Inc is a registered charity in United States, based in Chino, CA. It received its IRS tax-exemption ruling in September 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, Allegiance Steam Academy Inc reported income of $14.1m and spending of $12.4m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $14.1m (+191%), an average of +31% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Allegiance Steam Academy Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Rochester School of the Holy Childhood Inc ($14.0m), Watts Learning Center Foundation Inc ($14.1m) and Northside Education Inc ($14.0m).

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 $214k (1.7% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $9.3m against liabilities of $2.5m, net assets of $6.8m. It reported 167 employees.