Alternative Education Academy

Analysis

Alternative Education Academy is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Alternative Education Academy reported income of $46.4m and spending of $50.1m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.4m to $46.4m (+202%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 116%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Alternative Education Academy sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Youth for Tomorrow New Life Center Inc ($45.4m), Homeboy Industries ($47.2m) and Boys & Girls Club of Windsor Foundation ($41.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $4,250 (0.0% of expenses). At year end it held assets of $22.0m against liabilities of $31.4m, net assets of -$9.4m.