Palmdale Aerospace Academy Inc
3300 E Palmdale Blvd, Palmdale, CA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $46,356,913 | $42,980,485 | $27,510,587 |
| FY2024 | $43,689,124 | $39,349,565 | $24,134,159 |
| FY2023 | $51,636,642 | $40,412,875 | $28,610,140 |
| FY2022 | $36,712,378 | $35,000,467 | $18,790,422 |
| FY2021 | $35,585,919 | $29,290,521 | $17,078,511 |
| FY2020 | $32,413,010 | $31,330,642 | $10,783,113 |
| FY2019 | $22,653,544 | $22,288,656 | $9,700,745 |
| FY2018 | $21,186,997 | $19,501,287 | $9,335,857 |
| FY2017 | $14,345,118 | $13,291,995 | $7,650,147 |
| FY2016 | $12,054,601 | $8,951,383 | $6,597,024 |
| FY2015 | $8,246,689 | $6,820,954 | $3,493,806 |
| FY2014 | $5,440,775 | $4,186,429 | $2,068,071 |
| FY2013 | $3,969,413 | $3,391,702 | $813,725 |
| FY2012 | $300,000 | $63,986 | $236,014 |
Form 990 filings
The returns filed by Palmdale Aerospace Academy Inc (EIN 45-3851539), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $44,487,879 | 96% |
| Program service revenue | $145,409 | <1% |
| Other revenue | $1,723,625 | 4% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $34,841,932 | 81% |
| Management & general | $8,138,553 | 19% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 96% of total revenue in FY2025.
- Program services accounted for 81% of functional expenses, management & general 19%, and fundraising 0%.
- 81% of functional expenses went to program services in FY2025. That is higher than 37.3% of 581 Education organizations in CA.
- Net assets covered about 7.7 months of expenses at the end of the reporting year. That puts it in the 37th percentile among 7211 Education organizations in CA.
- Total revenue was higher than 97.8% of 7388 Education organizations in CA.
- Total revenue rose from $300,000 in FY2012 to $46,356,913 in FY2025. Revenue increased in 12 and decreased in 1 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- The highest revenue on record here is $51,636,642 in FY2023.
- Net assets grew from $236,014 to $27,510,587 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
OPERATION OF A PUBLIC CHARTER SCHOOL SERVING STUDENTS IN GRADES TK-12 WITH A STEM EMPHASIS.
IRS status
| Ruling year | 2012 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B29 — Education (in CA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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