Choice Academies Inc

Analysis

Choice Academies Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 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 2023, Choice Academies Inc reported income of $8.2m and spending of $7.5m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.4m to $8.2m (+9.7%), an average of +2.3% a year. The sharpest change came in the year to June 2022, when income rose by 21%. 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, Choice Academies Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within AZ. Charities of a similar size with the same main cause include Hammond Urban Academy Inc ($8.1m), Legacy Charter School ($8.2m) and Stamford Charter School for Excellence Inc ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $127k (1.7% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $17.0m against liabilities of $14.4m, net assets of $2.6m. It reported 136 employees.