Spirit Academy

Analysis

Spirit Academy is a registered charity in United States, based in Tustin, CA. 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Spirit Academy reported income of $1.1m and spending of $983k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $702k to $1.1m (+51%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spirit Academy sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Tammy Embrys Play School Inc ($1.1m), Neuromatch Academy Inc ($1.1m) and Harbor Christian Academy ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $139k (14% of expenses). Other salaries and wages came to $370k. At year end it held assets of $935k against liabilities of $165k, net assets of $770k. It reported 46 employees.