Crane School

Analysis

Crane School is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in December 1942, 84 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, Crane School reported income of $18.5m and spending of $12.0m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.3m to $18.5m (+80%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 71%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Crane 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 Franklin Towne Charter Elementary School ($18.5m), Ideal School of Manhattan ($18.5m) and Plaza de LA Raza Child Development Services Inc ($18.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $991k (8.2% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $34.4m against liabilities of $7.4m, net assets of $27.1m. It reported 84 employees.