Elite Academic Academy - Lucerne

Analysis

Elite Academic Academy - Lucerne is a registered charity in United States, based in Temecula, 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, Elite Academic Academy - Lucerne reported income of $11.5m and spending of $11.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $11.5m (+313%), an average of +43% a year. The sharpest change came in the year to June 2020, when income rose by 126%. 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, Elite Academic Academy - Lucerne 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 Philadelphia Youth for Change ($11.4m), Partnership for Ed Advancement Inc ($11.5m) and Allendale Columbia School ($11.4m).

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 $448k (3.9% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $3.7m against liabilities of $2.2m, net assets of $1.5m. It reported 95 employees.