Chapel Hill Academy Inc

Analysis

Chapel Hill Academy Inc is a registered charity in United States, based in Chanhassen, MN. It received its IRS tax-exemption ruling in December 1970, 56 years ago. 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 2024, Chapel Hill Academy Inc reported income of $6.0m and spending of $5.0m, spending 82% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.1m to $6.0m (+97%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chapel Hill Academy Inc 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 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Cedar Creek Schools ($6.0m), Institute for Multicultural Counseling and Education Services ($6.0m) and Girl Scouts of Central Illinois Inc ($6.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $137k (2.8% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $11.5m against liabilities of $1.6m, net assets of $9.9m. It reported 93 employees.