Cape Cod Academy Inc

Analysis

Cape Cod Academy Inc is a registered charity in United States, based in Osterville, MA. It received its IRS tax-exemption ruling in June 1977, 49 years ago. 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 2023, Cape Cod Academy Inc reported income of $12.2m and spending of $11.5m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.2m to $12.2m (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cape Cod Academy Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Boy Scouts of America ($12.2m), Rocky Hill Country Day School ($12.2m) and Academy of Hope Adult Public Charter School ($12.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $321k (2.8% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $11.9m against liabilities of $9.5m, net assets of $2.5m. It reported 129 employees.