Kindi Academy

Analysis

Kindi Academy is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2014, 12 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 July 2023, Kindi Academy reported income of $2.6m and spending of $1.9m, leaving 29% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.4m to $2.6m (+80%), an average of +16% a year. The sharpest change came in the year to July 2022, when income rose by 67%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kindi Academy sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Michigan Assessment Consortium Inc ($2.6m), Newport Public Library ($2.6m) and Waccamaw Park Public Charter Schools Inc ($2.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 4.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $30k (1.6% of expenses). Other salaries and wages came to $926k. At year end it held assets of $4.3m against liabilities of $1.9m, net assets of $2.5m. It reported 38 employees.