Coram Deo Academy Inc

Analysis

Coram Deo Academy Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in December 2012, 14 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 July 2023, Coram Deo Academy Inc reported income of $2.2m and spending of $1.9m, spending 87% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $584k to $2.2m (+270%), an average of +39% a year. The sharpest change came in the year to July 2023, when income rose by 49%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Coram Deo Academy Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IN. Charities of a similar size with the same main cause include Molalla River Academy ($2.2m), Miss Pollys Day Care Center ($2.2m) and North Shore High School ($2.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $103k (5.5% of expenses). Other salaries and wages came to $803k. It paid $55k in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $27k, net assets of $1.2m. It reported 35 employees.