Chiles Academy Inc

Analysis

Chiles Academy Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in November 2002, 24 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, Chiles Academy Inc reported income of $2.1m and spending of $2.0m, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.1m to $2.1m (+0.6%), an average of +0.2% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chiles Academy Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Temima the Richard and Jean Katz High School for Girls Inc ($2.1m), Aaim Education Center Inc ($2.1m) and Durham Public Schools Foundation ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $1.1m against liabilities of $70k, net assets of $1.0m.