Academy of Dover Charter School

Analysis

Academy of Dover Charter School is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in May 2016, 10 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, Academy of Dover Charter School reported income of $8.6m and spending of $7.7m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $8.6m (+169%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy of Dover Charter School sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within DE. Charities of a similar size with the same main cause include Downey Foundation for Educational Opportunities ($8.6m), Amridge University Inc ($8.7m) and Bluum Inc ($8.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $228k (2.9% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $11.4m against liabilities of $15.0m, net assets of -$3.6m.