Pomegranate Schools

Analysis

Pomegranate Schools is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in April 2021, 5 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 December 2022, Pomegranate Schools reported income of $309k and spending of $327k, spending 106% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $936k to $309k (-67%), an average of -67% a year. The sharpest change came in the year to December 2022, when income dropped by 67%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pomegranate Schools sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Islamic School of Grand Rapids ($309k), Friends of the Burlington Public Library Foundation ($309k) and Kevin M Eidt Scholarship Fund ($309k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 7.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $3,000 (0.9% of expenses). Other salaries and wages came to $144k. At year end it held assets of $44k against liabilities of $36k, net assets of $7,273. It reported 26 employees.