San Carlos Learning Academy Inc

Analysis

San Carlos Learning Academy Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, San Carlos Learning Academy Inc reported income of $634k and spending of $552k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $218k to $634k (+192%), an average of +192% a year. The sharpest change came in the year to December 2023, when income rose by 192%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, San Carlos Learning Academy Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Building Up Lives Foundation ($634k), Prescott Farmers Market Inc ($635k) and Grapevine Center Inc ($634k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $36k (6.6% of expenses). Other salaries and wages came to $170k. At year end it held assets of $94k against liabilities of $69k, net assets of $24k.