Stride Academy

Analysis

Stride Academy is a registered charity in United States, based in Saint Cloud, MN. It received its IRS tax-exemption ruling in October 2005, 21 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).

In the financial year ending June 2023, Stride Academy reported income of $8.8m and spending of $8.2m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $8.8m (+82%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stride Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Southwest Baltimore Charter School Inc ($8.8m), Kipp North Carolina Public Schools Inc ($8.8m) and Southlands Schools International ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $379k (4.6% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $5.0m against liabilities of $5.5m, net assets of -$518k. It reported 120 employees.