Elite Academic Academy - Mountain Empire

Analysis

Elite Academic Academy - Mountain Empire is a registered charity in United States, based in Temecula, CA. It received its IRS tax-exemption ruling in July 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 - Mountain Empire reported income of $12.3m and spending of $12.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $12.3m (+253%), an average of +37% a year. The sharpest change came in the year to June 2020, when income rose by 101%. Over the whole period it spent 97% 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 - Mountain Empire 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 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Allegro School Incorporated ($12.3m), University of Louisiana Monroe Facilities Inc ($12.3m) and Woodcrest Christian School System ($12.3m).

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 $203k (1.7% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $3.3m against liabilities of $2.3m, net assets of $1.1m. It reported 58 employees.