Camino Nuevo Charter Academy

Analysis

Camino Nuevo Charter Academy is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2000, 26 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 2023, Camino Nuevo Charter Academy reported income of $58.7m and spending of $58.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $46.8m to $58.7m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Camino Nuevo Charter Academy sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Forrestal Agricultural Corporation ($58.7m), Georgian Court University ($58.8m) and Stand Together Trust ($58.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $221k (0.4% of expenses). Other salaries and wages came to $22.8m. At year end it held assets of $99.2m against liabilities of $53.4m, net assets of $45.8m. It reported 680 employees.