Advantage Academy of Miami Inc

Analysis

Advantage Academy of Miami Inc is a registered charity in United States, based in Coral Springs, FL. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Advantage Academy of Miami Inc reported income of $51.0m and spending of $52.0m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $39.0m to $51.0m (+31%), an average of +5.5% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Advantage Academy of Miami Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include University of Florida Research Foundation Inc ($50.9m), Virginia Union University ($51.0m) and Calhoun School Inc ($50.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.0% and program service revenue 85% of the total. At year end it held assets of $74.3m against liabilities of $63.1m, net assets of $11.2m. It reported 574 employees.