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Listed with the IRS, but California flags it.
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- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- Not current
- Charity type
- 509(a)(1)
$38Mrevenue
FY2025 · +97% in 3 yrs479staff
8 of 8years filed
’18’19’20’21’22’23’24’25
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2025
Operating margin−5.0%
Months of reserve1.5mo
Revenue growth (annualized)+20.3%
Middle half of peersMedianNavigator Schools
Where the money goes FY2025 · $40M spent
Programs$32M81%Management and general$7.4M19%Fundraising$17k0%990 FY2025 · Part IX line 25
Worth checking1
Deficits in 2 of the last 3 years
−$3.5M in FY2024 and −$1.9M in FY2025. Cash covers 1.5 months, under the peer median of 3.3.
990 Part I and balance sheetIn its favor3
Strong governance
8 of 8 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIGrowing faster than peers
Revenue up 20% a year since FY2017, in the top quarter of similar nonprofits.
990 Part I · peer cohortA history of government grants
Government grants on 9 of its 9 returns, 94% of revenue in FY2025.
990 Part VIII10funders
$808ka year, last 3 years
52%from its largest funder
Funder’17’18’19’20’21’22’23Charter Fund Inc D/B/A Charter School Growth FundOn and off$600k$400k$500k$550k$718kCharles and Helen Schwab FoundationSince FY2019$250k$250k$250k$250k$250kNew Schools FundStopped after FY2020$78k$275k$175k–Louis Calder FoundationStopped after FY2021$100k$120k$30k–California Charter Schools AssociationStopped after FY2021$158k$53k–Walton Family Foundation IncOn and off$20k$500Donor-advised giftsDonors not disclosed$40k2 other fundersUp to $500k a year each$85k$100k$100k$505k$239k$84k
FundedThrough a donor-advised fundStopped