Pacific Ridge School

Analysis

Pacific Ridge School is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pacific Ridge School reported income of $31.2m and spending of $29.9m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $27.3m to $31.2m (+14%), an average of +4.5% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pacific Ridge School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Reformed Theological Seminary ($31.2m), Gleamns Human Resources Commission Inc ($31.2m) and Guadalupe Educational Systems Inc ($31.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $668k (2.2% of expenses). Other salaries and wages came to $11.5m. At year end it held assets of $84.7m against liabilities of $51.2m, net assets of $33.5m. It reported 233 employees.