Georgia Connections Academy Charter School Inc

Analysis

Georgia Connections Academy Charter School Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Georgia Connections Academy Charter School Inc reported income of $62.0m and spending of $50.2m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.7m to $62.0m (+124%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Georgia Connections Academy Charter School Inc sits at the 99th 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 GA. Charities of a similar size with the same main cause include Mitchell Hamline School of Law ($62.0m), Lake Highland Preparatory School Inc ($62.1m) and Belhaven University ($62.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $196k (0.4% of expenses). Other salaries and wages came to $15.5m. At year end it held assets of $55.4m against liabilities of $33.4m, net assets of $22.0m. It reported 295 employees.