Schaeffer Academy

Analysis

Schaeffer Academy is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in December 1993, 33 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 2023, Schaeffer Academy reported income of $3.2m and spending of $2.9m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.2m (+27%), an average of +6.1% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Schaeffer Academy sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Star Choices Inc ($3.2m), Emerald South Economic Development Collaborative ($3.2m) and United States Telecommunications Training Institute ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $153k (5.2% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $5.1m against liabilities of $2.9m, net assets of $2.2m. It reported 49 employees.