Central Indiana Military Academy

Analysis

Central Indiana Military Academy is a registered charity in United States, based in Anderson, IN. 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 2022, Central Indiana Military Academy reported income of $11.2m and spending of $10.8m, spending 96% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $7.1m to $11.2m (+57%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central Indiana Military Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include California Virtual Academy - Sonoma ($11.2m), Monument Academy Inc ($11.2m) and Manor College ($11.2m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 95% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $79k (0.7% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $5.3m against liabilities of $1.9m, net assets of $3.3m. It reported 168 employees.