Aurora Collegiate Academy Inc

Analysis

Aurora Collegiate Academy Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 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 2024, Aurora Collegiate Academy Inc reported income of $6.4m and spending of $4.4m, leaving 31% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $5.6m to $6.4m (+14%), an average of +2.7% a year. The sharpest change came in the year to June 2020, when income dropped by 34%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aurora Collegiate Academy Inc 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 Ready for School Ready for Life ($6.4m), International School of Monterey ($6.4m) and Green River College Foundation ($6.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $260k (5.9% of expenses). At year end it held assets of $17.0m against liabilities of $3.7m, net assets of $13.2m. It reported 57 employees.