Laguna Blanca School

Analysis

Laguna Blanca School is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in May 1941, 85 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, Laguna Blanca School reported income of $20.8m and spending of $17.9m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.2m to $20.8m (+46%), an average of +10% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laguna Blanca School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include National Association for the Education of Young Children ($20.8m), Walsh College of Accountancy and Business Administration ($20.9m) and Brescia University Inc ($20.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $442k (2.5% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $39.3m against liabilities of $16.4m, net assets of $22.9m. It reported 264 employees.