Ricardo Flores Magon Academyincorporated

Analysis

Ricardo Flores Magon Academyincorporated is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 2007, 19 years ago. 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, Ricardo Flores Magon Academyincorporated reported income of $4.6m and spending of $4.5m, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.3m to $4.6m (+7.2%), an average of +1.4% a year. The sharpest change came in the year to June 2020, when income rose by 212%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ricardo Flores Magon Academyincorporated sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include Jowonio School ($4.6m), Thomas Jefferson School ($4.6m) and Monticello Area Community Action Agency Inc ($4.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 26% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $168k (3.7% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $16.7m against liabilities of $1.5m, net assets of $15.2m. It reported 51 employees.