Thomas Edison Charter Academy

Analysis

Thomas Edison Charter Academy is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Thomas Edison Charter Academy reported income of $13.1m and spending of $10.5m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.7m to $13.1m (+51%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thomas Edison Charter Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Equity Now ($13.1m), Buffalo & Erie County Public Library ($13.1m) and Vistamar School ($13.1m).

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 $278k (2.6% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $13.8m against liabilities of $495k, net assets of $13.3m. It reported 149 employees.