Advantage Academy of Broward Inc

Analysis

Advantage Academy of Broward Inc is a registered charity in United States, based in Margate, FL. It received its IRS tax-exemption ruling in October 2017, 9 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 2024, Advantage Academy of Broward Inc reported income of $8.7m and spending of $7.8m, spending 89% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.7m to $8.7m (+86%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Advantage Academy of Broward Inc 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 FL. Charities of a similar size with the same main cause include Battelle for Kids ($8.7m), Head Start Child and Family Development Program Inc ($8.7m) and Rhode Island Nurses Institute Middle College Charter High School ($8.7m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 85% of the total. At year end it held assets of $19.6m against liabilities of $17.8m, net assets of $1.8m. It reported 107 employees.