Good Foundations Academy Charter School

Analysis

Good Foundations Academy Charter School is a registered charity in United States, based in Riverdale, UT. It received its IRS tax-exemption ruling in August 2010, 16 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, Good Foundations Academy Charter School reported income of $4.4m and spending of $3.6m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $4.4m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Good Foundations Academy Charter School sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within UT. Charities of a similar size with the same main cause include Cambridge Academy-East Inc ($4.4m), Kutztown University Student Services Inc ($4.4m) and New Mexico Military Institute Foundation Inc ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $146k (4.0% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $8.3m against liabilities of $5.4m, net assets of $2.8m. It reported 84 employees.