Chase Academy Inc

Analysis

Chase Academy Inc is a registered charity in United States, based in South Daytona, FL. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chase Academy Inc reported income of $859k and spending of $803k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $383k to $859k (+125%), an average of +22% a year. The sharpest change came in the year to June 2020, when income rose by 88%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chase Academy Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Plumbers & Pipefitters Local Union 300 Education & Training TR Fund ($859k), Ledyard Charter School of Lebanon ($859k) and Spirit of Excellence Inc ($859k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $143k (18% of expenses). Other salaries and wages came to $402k. At year end it held assets of $139k against liabilities of $243k, net assets of -$104k. It reported 20 employees.