Cleophas Oliver Learning Academy

Analysis

Cleophas Oliver Learning Academy is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cleophas Oliver Learning Academy reported income of $487k and spending of $433k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $673k to $487k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cleophas Oliver Learning Academy sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Aaron Academy ($487k), Endowment Fund of Cottey Jr College CHPTR Peo Sisterhood ($487k) and Compass Outreach and Education Center Inc ($487k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $144k (33% of expenses). Other salaries and wages came to $169k. At year end it held assets of $3.2m against liabilities of $0, net assets of $3.2m. It reported 9 employees.