Aldar Academy

Analysis

Aldar Academy is a registered charity in United States, based in Los Gatos, CA. It received its IRS tax-exemption ruling in September 1993, 33 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, Aldar Academy reported income of $3.5m and spending of $3.4m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.0m to $3.5m (+15%), an average of +3.5% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aldar Academy sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Ohio State Moose Association Museum Inc ($3.5m), Homewood Corporation ($3.5m) and Pennfield School Inc ($3.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $619k (18% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $6.0m against liabilities of $1.0m, net assets of $4.9m. It reported 44 employees.