Pineapple Cove Classical Academy at West Melbourne

Analysis

Pineapple Cove Classical Academy at West Melbourne is a registered charity in United States, based in W Melbourne, FL. It received its IRS tax-exemption ruling in May 2018, 8 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, Pineapple Cove Classical Academy at West Melbourne reported income of $8.8m and spending of $9.2m, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.8m to $8.8m (+82%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pineapple Cove Classical Academy at West Melbourne sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Integrity Charter School ($8.8m), McIntosh Trail E C D C ($8.8m) and The Keswell School ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.7% of the total. Other salaries and wages came to $4.2m. At year end it held assets of $21.6m against liabilities of $24.1m, net assets of -$2.5m. It reported 188 employees.