The Academies Charter Management Organization

Analysis

The Academies Charter Management Organization is a registered charity in United States, based in Visalia, CA. It received its IRS tax-exemption ruling in February 2012, 14 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, The Academies Charter Management Organization reported income of $9.3m and spending of $8.6m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.6m to $9.3m (+65%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Academies Charter Management Organization sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include New Century School ($9.2m), Alamo Colleges Foundation Inc ($9.3m) and Jacksonville Country Day School ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $198k (2.3% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $16.5m against liabilities of $13.3m, net assets of $3.3m. It reported 161 employees.