Career Academy of South Bend Inc

Analysis

Career Academy of South Bend Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in June 2011, 15 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, Career Academy of South Bend Inc reported income of $16.3m and spending of $16.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.0m to $16.3m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Career Academy of South Bend Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include LA Causa Inc ($16.3m), Esf College Foundation Inc ($16.3m) and Greater Phoenix Urban League Inc ($16.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $8.5m. At year end it held assets of $28.5m against liabilities of $29.0m, net assets of -$486k. It reported 185 employees.