Southern Avenue Charter Elementary School of Academic Excellence

Analysis

Southern Avenue Charter Elementary School of Academic Excellence is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 2016, 10 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, Southern Avenue Charter Elementary School of Academic Excellence reported income of $6.4m and spending of $6.2m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.2m to $6.4m (+52%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southern Avenue Charter Elementary School of Academic Excellence sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Grand Haven Christian School ($6.4m), Legacy Traditional School-Mesa ($6.4m) and Grace Christian Academy ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $120k (1.9% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $5.0m against liabilities of $2.4m, net assets of $2.6m. It reported 112 employees.