Tomorrows Leadership Collaborative Charter School

Analysis

Tomorrows Leadership Collaborative Charter School is a registered charity in United States, based in San Clemente, CA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. 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, Tomorrows Leadership Collaborative Charter School reported income of $3.8m and spending of $3.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.8m (+94%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tomorrows Leadership Collaborative Charter School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Carpenters Housing Corp ($3.8m), The Bloedel Reserve ($3.8m) and Speck Homes Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $2.2m against liabilities of $1.6m, net assets of $618k. It reported 25 employees.