Aseltine School

Analysis

Aseltine School is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in November 1968, 58 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 2024, Aseltine School reported income of $2.2m and spending of $2.1m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $2.2m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aseltine School sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Salida Montessori Charter School Inc ($2.2m), Livinston Christian Schools ($2.2m) and Mesivta of Greater Los Angeles ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.5% and program service revenue 93% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $2.9m against liabilities of $887k, net assets of $2.0m. It reported 28 employees.