Friends of Confluence Academy

Analysis

Friends of Confluence Academy is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Confluence Academy reported income of $820k and spending of $45k, leaving 95% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $820k (-58%), an average of -19% a year. The sharpest change came in the year to June 2020, when income dropped by 123%. Over the whole period it spent 219% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Confluence Academy sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within MO. Charities of a similar size with the same main cause include North Carolina Day Care Association ($820k), Coogan Sisters ($820k) and Diamond Educational Excellence Partnership ($820k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% of the total. At year end it held assets of $37.6m against liabilities of $31.7m, net assets of $5.9m.