Sequoia Grove Charter Alliance

Analysis

Sequoia Grove Charter Alliance is a registered charity in United States, based in Meridian, CA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sequoia Grove Charter Alliance reported income of $4.5m and spending of $4.4m, spending 97% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $3.6m to $4.5m (+24%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 24%. 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, Sequoia Grove Charter Alliance sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Montessori School of Greater Hartford Inc ($4.5m), Franklin Township Public Library Association ($4.5m) and Spruce Street School ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $214k (4.9% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $475k against liabilities of $365k, net assets of $110k. It reported 45 employees.