Flagstaff Academy Inc

Analysis

Flagstaff Academy Inc is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Flagstaff Academy Inc reported income of $11.2m and spending of $10.6m, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $9.4m to $11.2m (+18%), an average of +3.4% a year. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Flagstaff Academy Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include Cedarcrest Inc ($11.1m), Tgs-Think Global School Inc ($11.2m) and American School Counselor Association ($11.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.9% and program service revenue 91% of the total. Other salaries and wages came to $5.4m. At year end it held assets of $19.7m against liabilities of $27.7m, net assets of -$8.0m. It reported 140 employees.