Crestmont School Inc

Analysis

Crestmont School Inc is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in October 1971, 55 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 2024, Crestmont School Inc reported income of $1.4m and spending of $1.5m, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.6m to $1.4m (-8.9%), an average of -1.8% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Crestmont School Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Wisconsin Rapids Family Center Inc ($1.4m), Kalamazoo Optimist Hockey Association Inc ($1.4m) and Southern Institute for Appropriate Technology ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $277k (18% of expenses). Other salaries and wages came to $574k. At year end it held assets of $708k against liabilities of $219k, net assets of $489k. It reported 20 employees.