Independent Academy Charter School

Analysis

Independent Academy Charter School is a registered charity in United States, based in Grand JCT, CO. It received its IRS tax-exemption ruling in December 2003, 23 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 2023, Independent Academy Charter School reported income of $5.8m and spending of $5.6m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $5.8m (+75%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Independent Academy Charter School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Raleigh School Inc ($5.8m), Northwestern Oklahoma State University Foundation Inc ($5.8m) and Gem Prep Meridian LLC ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 79% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $18.7m against liabilities of $17.3m, net assets of $1.4m. It reported 61 employees.