Elite Academic Academy - Lucerne is a 501(c)(3) organization based in Temecula, California, registered in 2019, with $17,049,936 in FY2023 revenue. CharityIndex grades it C+.
Revenue (FY2023)
$17.0M
▲ 48.9% vs prior year
Education median: $200K
Expenses (FY2023)
$16.9M
Net assets
$1.6M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Elite Academic Academy - Lucerne— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Elite Academic Academy - Lucerne: 1 mo reserves · +1% margin earns a C+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Elite Academic Academy - Lucerne— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Elite Academic Academy - Lucerne: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $2.8M (FY2018) to $17.0M (FY2023) across 6 reported years.
Financial snapshot
Operating margin
1.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.8M
Total liabilities
$2.2M
Net assets
$1.6M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $17,049,936▲48.9% | $16,878,028▲48.6% | $1,648,300▲11.6% | $3,800,404▲3.3% | 990 |
| 2022 | $11,450,875▲37.0% | $11,360,503▲36.5% | $1,476,392▲6.5% | $3,679,023▲59.0% | 990 |
| 2021 | $8,355,892▲14.8% | $8,322,388▲28.2% | $1,386,020▲2.5% | $2,314,344▲18.9% | 990 |
| 2020 | $7,278,874▲16.1% | $6,491,603▲24.6% | $1,352,516▲139% | $1,947,008▲13.9% | 990 |
| 2019 | $6,267,021▲126% | $5,209,325▲74.4% | $565,245▲215% | $1,709,018▲140% | 990 |
| 2018 | $2,770,664 | $2,986,503 | -$492,451 | $713,083 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Elite Academic Academy - Lucerne (EIN 82-4453363) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.