City Academy Inc

Analysis

City Academy Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in November 1998, 28 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, City Academy Inc reported income of $5.4m and spending of $6.5m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $16.7m to $5.4m (-68%), an average of -25% a year. The sharpest change came in the year to June 2020, when income dropped by 59%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, City Academy Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MO. Charities of a similar size with the same main cause include Friends & Foundation of the San Francisco Public Library ($5.4m), Maine Learning Innovations ($5.4m) and Community College of Allegheny County-Education Foundation ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $576k (8.8% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $69.7m against liabilities of $19k, net assets of $69.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.