Paragon Collegiate Academy

Analysis

Paragon Collegiate Academy is a registered charity in United States, based in Marysville, CA. It received its IRS tax-exemption ruling in March 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 June 2023, Paragon Collegiate Academy reported income of $3.9m and spending of $3.3m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.9m (+65%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Paragon Collegiate Academy sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Faith Baptist Bible College Inc ($3.9m), The Peer Power Foundation Inc ($3.9m) and Crossroads Hope Academy Incorporated ($3.9m).

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 $213k (6.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.0m against liabilities of $2.3m, net assets of $2.7m. It reported 52 employees.