Compass Academy Charter School Inc

Analysis

Compass Academy Charter School Inc is a registered charity in United States, based in Odessa, TX. It received its IRS tax-exemption ruling in April 2010, 16 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, Compass Academy Charter School Inc reported income of $13.4m and spending of $12.1m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.8m to $13.4m (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2020, when income rose by 19%. 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, Compass Academy Charter School Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Fredericksburg Christian Educational Services Inc ($13.4m), The Kehillah School ($13.4m) and Excelsior Classical Academy - a Challenge Foundation Academy ($13.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $351k (2.9% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $57.3m against liabilities of $44.5m, net assets of $12.9m. It reported 172 employees.