Academir Charter Schools Inc

Analysis

Academir Charter Schools Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in November 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, Academir Charter Schools Inc reported income of $43.7m and spending of $42.0m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $21.3m to $43.7m (+105%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academir Charter Schools 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 FL. Charities of a similar size with the same main cause include Rockford University ($43.7m), Lafayette Charter Foundation Inc ($43.7m) and Greathearts Arizona ($43.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $72.6m against liabilities of $61.8m, net assets of $10.9m. It reported 225 employees.