San Diego Squared

Analysis

San Diego Squared is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, San Diego Squared reported income of $1.3m and spending of $1.0m, leaving 24% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $1.1m to $1.3m (+25%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 68%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, San Diego Squared sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Brookside Christian School Inc ($1.3m), Olympia Waldorf Education Association ($1.3m) and Friends of Girls Preparatory Charter School of New York Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $195k (20% of expenses). Other salaries and wages came to $262k. At year end it held assets of $2.9m against liabilities of $940k, net assets of $1.9m. It reported 7 employees.