Palisades Charter High School

Analysis

Palisades Charter High School is a registered charity in United States, based in Pacific PLSDS, CA. It received its IRS tax-exemption ruling in December 2007, 19 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, Palisades Charter High School reported income of $45.0m and spending of $43.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $37.1m to $45.0m (+21%), an average of +5.0% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palisades Charter High School 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 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Paterson Charter School for Science and Technology Inc ($44.9m), Columbus College of Art & Design ($45.0m) and Florida International University Foundation Inc ($44.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $389k (0.9% of expenses). Other salaries and wages came to $21.4m. At year end it held assets of $28.8m against liabilities of $19.4m, net assets of $9.4m. It reported 392 employees.