Pacific Charter Institute Inc
Pacific Charter Institute Inc shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 161727094 · Sacramento, CA · NTEE: B29 · Updated: 2026-03-28
Is Pacific Charter Institute Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pacific Charter Institute Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pacific Charter Institute Inc
Pacific Charter Institute Inc (EIN: 161727094) is a nonprofit organization based in Sacramento, CA, classified under NTEE code B29. The organization reported total revenue of $53.7M and total assets of $27.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pacific Charter Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pacific Charter Institute Inc is a major nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 13.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $50.9M |
| Total Expenses | $47.0M |
| Surplus / Deficit | +$3.9M |
| Total Assets | $23.8M |
| Total Liabilities | $1.7M |
| Net Assets | $22.2M |
| Operating Margin | 7.7% |
| Debt-to-Asset Ratio | 7.0% |
| Months of Reserves | 6.1 months |
Financial Health Grade: A
In 2024, Pacific Charter Institute Inc reported a surplus of $3.9M with revenue exceeding expenses, holds 6.1 months of operating reserves (strong position), has a debt-to-asset ratio of 7.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Pacific Charter Institute Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +8.9% | +382.2% | +5.4% |
| 2023 | +26.7% | -73.1% | +41.5% |
| 2022 | +4.8% | +11.7% | +9.2% |
| 2021 | +5.8% | -2.1% | +51.0% |
| 2020 | +0.9% | +10.6% | +4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pacific Charter Institute Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Pacific Charter Institute Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries were paid to officers, which is highly unusual for an organization of this size ($53.6 million in revenue) and suggests a strong commitment to directing funds towards its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Pacific Charter Institute Inc's IRS 990 filings:
- Unusually low expenses reported in 2023 relative to revenue, warranting further investigation.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise efficiency assessment challenging.
Strengths
The following positive indicators were identified for Pacific Charter Institute Inc:
- Consistent and significant revenue growth over the past decade, from $14.3M in 2015 to $53.6M currently.
- Strong asset accumulation, growing from $4.0M in 2015 to $27.3M currently.
- Consistent reporting of 0% officer compensation, suggesting high dedication of funds to mission.
- Healthy financial position with assets significantly exceeding liabilities.
- Consistent filing of IRS 990 forms, indicating good transparency practices.
Frequently Asked Questions about Pacific Charter Institute Inc
Is Pacific Charter Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pacific Charter Institute Inc (EIN: 161727094) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Pacific Charter Institute Inc spend its money?
Pacific Charter Institute Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pacific Charter Institute Inc tax-deductible?
Pacific Charter Institute Inc is registered as a tax-exempt nonprofit (EIN: 161727094). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Pacific Charter Institute Inc manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. It suggests that executive leadership may be compensated through other means not classified as 'officer compensation' on the 990, or that leadership roles are filled by volunteers or staff whose compensation is categorized differently (e.g., program staff). Further investigation into their organizational structure and compensation practices would be needed to fully understand this.
What caused the significant discrepancy in expenses reported in 2023 ($9,740,042) compared to revenue ($46,734,825) and other years?
The 2023 filing shows expenses of $9,740,042 against revenue of $46,734,825, which is significantly lower than expenses in prior and subsequent years relative to revenue. This could indicate a major capital investment, a change in accounting methods, or an anomaly in reporting. This discrepancy warrants further review of the detailed 990 form for that period to understand the nature of the expenditures and financial activities.
What is the primary source of Pacific Charter Institute Inc's revenue?
Given its NTEE code B29 (Elementary & Secondary Education), it is highly probable that the primary source of revenue for Pacific Charter Institute Inc comes from public funding for charter schools, such as state and local government grants and per-pupil funding.
How does the organization's asset growth compare to its liabilities?
The organization has shown substantial asset growth, from $4,075,973 in 2015 to $27,396,996 currently. While liabilities have also increased, for example, from $569,437 in 2015 to $1,673,455 in 2024, the asset growth significantly outpaces the growth in liabilities, indicating a healthy financial position and increasing net assets.
Filing History
IRS 990 filing history for Pacific Charter Institute Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Pacific Charter Institute Inc's revenue has grown by 400.8%, moving from $10.2M to $50.9M. Total assets increased by 509.3% over the same period, from $3.9M to $23.8M. Total functional expenses rose by 347.4%, from $10.5M to $47.0M. In its most recent filing year (2024), Pacific Charter Institute Inc reported a surplus of $3.9M, with revenue exceeding expenses. The organization holds $1.7M in liabilities against $23.8M in assets (debt-to-asset ratio: 7.0%), resulting in net assets of $22.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $50.9M | $47.0M | $23.8M | $1.7M | — | View 990 |
| 2023 | $46.7M | $9.7M | $22.6M | $4.4M | — | View 990 |
| 2022 | $36.9M | $36.2M | $16.0M | $3.1M | — | View 990 |
| 2021 | $35.2M | $32.4M | $14.6M | $3.2M | — | View 990 |
| 2020 | $33.3M | $33.1M | $9.7M | $1.0M | — | View 990 |
| 2019 | $33.0M | $29.9M | $9.2M | $789K | — | View 990 |
| 2018 | $26.2M | $24.8M | $6.0M | $620K | — | View 990 |
| 2017 | $23.4M | $23.6M | $4.7M | $734K | — | View 990 |
| 2016 | $20.0M | $19.3M | $5.6M | $1.4M | — | View 990 |
| 2015 | $14.4M | $13.6M | $4.1M | $569K | — | View 990 |
| 2014 | $10.8M | $11.7M | $3.1M | $350K | — | View 990 |
| 2013 | $11.8M | $11.1M | $4.5M | $793K | — | View 990 |
| 2012 | $10.8M | $10.4M | $4.2M | $1.2M | — | View 990 |
| 2011 | $10.2M | $10.5M | $3.9M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $50.9M, expenses of $47.0M, and assets of $23.8M (revenue +8.9% year-over-year).
- 2023: Revenue of $46.7M, expenses of $9.7M, and assets of $22.6M (revenue +26.7% year-over-year).
- 2022: Revenue of $36.9M, expenses of $36.2M, and assets of $16.0M (revenue +4.8% year-over-year).
- 2021: Revenue of $35.2M, expenses of $32.4M, and assets of $14.6M (revenue +5.8% year-over-year).
- 2020: Revenue of $33.3M, expenses of $33.1M, and assets of $9.7M (revenue +0.9% year-over-year).
- 2019: Revenue of $33.0M, expenses of $29.9M, and assets of $9.2M (revenue +25.7% year-over-year).
- 2018: Revenue of $26.2M, expenses of $24.8M, and assets of $6.0M (revenue +12.2% year-over-year).
- 2017: Revenue of $23.4M, expenses of $23.6M, and assets of $4.7M (revenue +17.0% year-over-year).
- 2016: Revenue of $20.0M, expenses of $19.3M, and assets of $5.6M (revenue +39.3% year-over-year).
- 2015: Revenue of $14.4M, expenses of $13.6M, and assets of $4.1M (revenue +32.8% year-over-year).
- 2014: Revenue of $10.8M, expenses of $11.7M, and assets of $3.1M (revenue -8.4% year-over-year).
- 2013: Revenue of $11.8M, expenses of $11.1M, and assets of $4.5M (revenue +9.1% year-over-year).
- 2012: Revenue of $10.8M, expenses of $10.4M, and assets of $4.2M (revenue +6.5% year-over-year).
- 2011: Revenue of $10.2M, expenses of $10.5M, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pacific Charter Institute Inc:
Data Sources and Methodology
This transparency report for Pacific Charter Institute Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.