Argonauta Educational Programs Inc

Analysis

Argonauta Educational Programs Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in January 1976, 50 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 August 2024, Argonauta Educational Programs Inc reported income of $2.6m and spending of $2.4m, spending 93% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $1.7m to $2.6m (+57%), an average of +12% a year. The sharpest change came in the year to August 2021, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Argonauta Educational Programs Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Delray Beach Public Library Assn Inc ($2.6m), Swan River Montessori Charter School ($2.6m) and South Valley Academy Inc ($2.6m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 0.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $125k (5.2% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.5m against liabilities of $603k, net assets of $920k. It reported 42 employees.