Codman Academy Foundation

Analysis

Codman Academy Foundation is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Codman Academy Foundation reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.1m (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Codman Academy Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Friends of Levitt Shell Sioux Falls Inc ($1.1m), Edinboro University Foundation ($1.1m) and Kinderhaus Montessori Preschool of Marshall ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $28.8m against liabilities of $13.5m, net assets of $15.2m.