Colorado Springs Charter Academy

Analysis

Colorado Springs Charter Academy is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in January 2006, 20 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 2024, Colorado Springs Charter Academy reported income of $4.8m and spending of $3.8m, leaving 21% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.1m to $4.8m (+18%), an average of +3.4% a year. The sharpest change came in the year to June 2024, when income rose by 27%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colorado Springs Charter Academy sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include Alturas Preparatory Academy Inc ($4.8m), Minnesota State College Student Association Inc ($4.8m) and Odyssey Online Learning ($4.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $126k (3.3% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $4.4m against liabilities of $6.1m, net assets of -$1.7m. It reported 84 employees.