Firestone Charter Academy

Analysis

Firestone Charter Academy is a registered charity in United States, based in Firestone, CO. It received its IRS tax-exemption ruling in June 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 2023, Firestone Charter Academy reported income of $8.7m and spending of $7.7m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.3m to $8.7m (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Firestone Charter Academy sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Howard University Public Charter Middle School for Mathematics & SC ($8.7m), Northern Panhandle Head Start Inc ($8.7m) and Amigos Por Vida - Friends for Life Housing and Education Corp ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.6% and program service revenue 88% of the total. Other salaries and wages came to $3.5m. At year end it held assets of $23.0m against liabilities of $26.7m, net assets of -$3.7m. It reported 92 employees.