Golden Charter Academy

Analysis

Golden Charter Academy is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in March 2023, 3 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, Golden Charter Academy reported income of $5.4m and spending of $4.7m, spending 87% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $3.5m to $5.4m (+56%), an average of +56% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Golden Charter Academy 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 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Rockbridge Academy Inc ($5.4m), Graham Expeditionary Middle School ($5.4m) and Bridge Elementary ($5.4m).

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 $150k (3.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.7m against liabilities of $2.8m, net assets of $936k. It reported 61 employees.