Rex and Margaret Fortune School of Education
2890 Gateway Oaks Dr Ste 100, Sacramento, CA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $52,228,321 | $53,806,108 | $7,437,115 |
| FY2024 | $51,450,691 | $54,408,722 | $8,846,405 |
| FY2023 | $45,742,933 | $48,025,792 | $11,804,436 |
| FY2022 | $42,193,426 | $37,248,060 | $14,087,295 |
| FY2021 | $35,911,409 | $30,613,757 | $9,123,860 |
| FY2020 | $26,827,979 | $25,948,600 | $3,907,917 |
| FY2019 | $23,518,342 | $24,984,506 | $3,028,538 |
| FY2018 | $23,279,907 | $23,707,119 | $4,494,702 |
| FY2017 | $22,920,287 | $22,229,060 | $4,921,914 |
| FY2016 | $20,972,681 | $19,147,286 | $4,230,687 |
| FY2015 | $13,665,451 | $13,202,035 | $2,405,292 |
| FY2014 | $10,684,433 | $10,522,345 | $1,941,876 |
| FY2013 | $8,165,519 | $7,827,220 | $1,779,788 |
| FY2012 | $6,089,073 | $5,586,130 | $1,441,489 |
Form 990 filings
The returns filed by Rex and Margaret Fortune School of Education (EIN 94-3187528), 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 | $44,811,344 | 86% |
| Program service revenue | $1,267,336 | 2% |
| Other revenue | $6,149,641 | 12% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $49,753,714 | 92% |
| Management & general | $4,052,394 | 8% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 86% of total revenue in FY2025.
- Program services accounted for 92% of functional expenses, management & general 8%, and fundraising 0%.
- 92% of functional expenses went to program services in FY2025. That is higher than 87.8% of 581 Education organizations in CA.
- Net assets covered about 1.7 months of expenses at the end of the reporting year. That puts it in the 13th percentile among 7211 Education organizations in CA.
- Total revenue was higher than 98.1% of 7388 Education organizations in CA.
- Total revenue rose from $6,089,073 in FY2012 to $52,228,321 in FY2025. Revenue increased in 13 and decreased in 0 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 5 of 14 reported years (FY2018, FY2019, FY2023, FY2024, FY2025).
- Net assets grew from $1,441,489 to $7,437,115 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
THE PROMOTION OF EDUCATION IN CALIFORNIA AND OTHER AREAS WITHIN THE UNITED STATES.
IRS status
| Ruling year | 1993 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B25 — Education (in CA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Wildwood School Inc — Los Angeles, CA · $51,354,118
- Equitas Academy Charter School Inc — Los Angeles, CA · $50,836,462
- Crystal Springs Uplands School — Hillsborough, CA · $53,824,750
- California University of Science and Medicine — Colton, CA · $54,029,499
- Summit Public Schools — Redwood City, CA · $54,305,037
- The Tower Foundation of San Jose State University — San Jose, CA · $50,066,974
- College Track — Oakland, CA · $54,424,591
- Robert Louis Stevenson School — Pebble Beach, CA · $54,618,375
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.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.