Carbon Valley Academy Building

Analysis

Carbon Valley Academy Building is a registered charity in United States, based in Frederick, CO. It received its IRS tax-exemption ruling in January 2008, 18 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, Carbon Valley Academy Building reported income of $3.6m and spending of $3.6m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.3m to $3.6m (+56%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carbon Valley Academy Building sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CO. Charities of a similar size with the same main cause include Politz Day School of Cherry Hill a New Jersey Nonprofit Corporation ($3.6m), Atlanta Youth Academies Inc ($3.6m) and Emet Outreach ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $10.5m against liabilities of $12.8m, net assets of -$2.3m. It reported 52 employees.