Kernel University

Analysis

Kernel University is a registered charity in United States, based in Fullerton, CA. It received its IRS tax-exemption ruling in July 1996, 30 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, Kernel University reported income of $940k and spending of $1.0m, spending 108% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $748k to $940k (+26%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 37%. 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, Kernel University sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Somerset Hills Montessori School ($940k), Oak Level Baptist Academy ($940k) and Westshore Montessori Association ($939k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $168k (17% of expenses). Other salaries and wages came to $111k. At year end it held assets of $969k against liabilities of $501k, net assets of $468k. It reported 8 employees.