Real Journey Academies Inc

Analysis

Real Journey Academies Inc is a registered charity in United States, based in Ontario, CA. It received its IRS tax-exemption ruling in June 2011, 15 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, Real Journey Academies Inc reported income of $53.4m and spending of $40.7m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.2m to $53.4m (+152%), an average of +26% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Real Journey Academies Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Achievement First Rhode Island ($53.4m), Magnolia Properties Management Inc ($53.4m) and Great Oaks Charter School ($53.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $451k (1.1% of expenses). Other salaries and wages came to $15.7m. At year end it held assets of $130.6m against liabilities of $100.8m, net assets of $29.7m. It reported 296 employees.