Mount Alverno High School

Analysis

Mount Alverno High School is a registered charity in United States, based in Sierra Madre, CA. 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, Mount Alverno High School reported income of $5.4m and spending of $6.9m, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $5.4m (+18%), an average of +4.1% a year. The sharpest change came in the year to June 2021, when income rose by 77%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mount Alverno High School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Crete Academy ($5.4m), French American School of Silicon Valley ($5.4m) and Arkansas Community Colleges Foundation ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $709k (10% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $5.9m against liabilities of $6.7m, net assets of -$818k. It reported 60 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.