Clear Choice Academies Inc

Analysis

Clear Choice Academies Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in June 2016, 10 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, Clear Choice Academies Inc reported income of $1.7m and spending of $1.8m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.7m (+71%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clear Choice Academies Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Immanuel Christian School ($1.7m), Big Pine Elementary Inc ($1.7m) and Universidad Teologica Del Caribe in ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $124k (6.8% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $140k against liabilities of $20k, net assets of $119k. It reported 41 employees.