Caprock Academy

Analysis

Caprock Academy is a registered charity in United States, based in Grand JCT, CO. It received its IRS tax-exemption ruling in June 2016, 10 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, Caprock Academy reported income of $10.0m and spending of $9.4m, spending 94% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $7.6m to $10.0m (+31%), an average of +9.4% a year. 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, Caprock Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include Montessori School of Raleigh Inc ($10.0m), Waldorf School Association of Seattle ($10.0m) and Cristo Rey Miami High School Inc ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $126k (1.3% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $25.7m against liabilities of $32.6m, net assets of -$6.9m. It reported 185 employees.