Ilead Agua Dulce

Analysis

Ilead Agua Dulce is a registered charity in United States, based in Agua Dulce, 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, Ilead Agua Dulce reported income of $4.2m and spending of $4.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $4.2m (+203%), an average of +32% a year. The sharpest change came in the year to June 2020, when income rose by 70%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ilead Agua Dulce sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Loyola-Notre Dame Library Inc ($4.2m), Norwalk Community College Foundation ($4.2m) and Arlington Heights Nursery School Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $103k (2.5% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.4m against liabilities of $1.4m, net assets of $1.0m. It reported 69 employees.