Albert Einstein Academies

Analysis

Albert Einstein Academies is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 2007, 19 years ago. 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, Albert Einstein Academies reported income of $23.3m and spending of $22.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.2m to $23.3m (+54%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Albert Einstein Academies sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Swla Center for Health Services ($23.3m), St Charles Health Council Inc ($23.3m) and Nysarc Inc ($23.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $290k (1.3% of expenses). Other salaries and wages came to $10.7m. At year end it held assets of $40.8m against liabilities of $37.0m, net assets of $3.7m. It reported 216 employees.