Elite Public Schools

Analysis

Elite Public Schools is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in September 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, Elite Public Schools reported income of $10.8m and spending of $9.7m, spending 90% of its income. The sharpest change came in the year to June 2021, when income rose by 39%. 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, Elite Public Schools sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Dekalb Agriculture Technology & Environment Inc ($10.8m), Leep Dual Language Academy Charter School ($10.8m) and University of Louisiana at Monroe Foundation ($10.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $208k (2.1% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $5.5m against liabilities of $3.3m, net assets of $2.2m. It reported 108 employees.