Global Online Academy

Analysis

Global Online Academy is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Global Online Academy reported income of $5.1m and spending of $5.7m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $5.1m (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 68%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Global Online 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 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Telra Institute ($5.1m), The Partnership for Children of Wayne County Inc ($5.1m) and Prince William County Public Schools Education Foundation Inc ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $600k (10% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.5m against liabilities of $515k, net assets of $4.0m. It reported 23 employees.