South Tech Charter Academy Inc

Analysis

South Tech Charter Academy Inc is a registered charity in United States, based in Boynton Beach, FL. It received its IRS tax-exemption ruling in April 2004, 22 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, South Tech Charter Academy Inc reported income of $14.9m and spending of $12.2m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.1m to $14.9m (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Tech Charter Academy Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Washington Leadership Academy Public Charter School ($14.9m), PHMC Integrated ($14.9m) and The Conversation US Inc ($14.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $285k (2.3% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $29.5m against liabilities of $22.6m, net assets of $6.9m. It reported 130 employees.