Sierra Canyon High School Foundation

Analysis

Sierra Canyon High School Foundation is a registered charity in United States, based in Chatsworth, CA. It received its IRS tax-exemption ruling in February 2001, 25 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 2023, Sierra Canyon High School Foundation reported income of $56.7m and spending of $54.7m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $41.7m to $56.7m (+36%), an average of +8.0% a year. The sharpest change came in the year to August 2021, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sierra Canyon High School Foundation 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 Catherine Hershey Schools for Early Learning ($56.7m), Bridgeprep Academy Inc ($56.8m) and St Lukes-Jones Regional Medical Center ($56.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 6.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $2.8m (5.1% of expenses). Other salaries and wages came to $15.5m. At year end it held assets of $96.8m against liabilities of $77.7m, net assets of $19.1m. It reported 403 employees.