Charles Armstrong School

Analysis

Charles Armstrong School is a registered charity in United States, based in Belmont, CA. It received its IRS tax-exemption ruling in December 1969, 57 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, Charles Armstrong School reported income of $14.7m and spending of $14.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.2m to $14.7m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charles Armstrong 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 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Otterbein Portage Valley Inc ($14.6m), Elizabeth Seton Residence Inc ($14.7m) and Catholic Foundation for the Diocese of Davenport ($14.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.6% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $516k (3.5% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $29.7m against liabilities of $12.2m, net assets of $17.5m. It reported 119 employees.