Reid Traditional Schools Painted Rock Academy Inc

Analysis

Reid Traditional Schools Painted Rock Academy Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 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, Reid Traditional Schools Painted Rock Academy Inc reported income of $5.0m and spending of $4.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $5.0m (+4.6%), an average of +1.1% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reid Traditional Schools Painted Rock Academy Inc 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 90th percentile within AZ. Charities of a similar size with the same main cause include Holy Trinity Classical Christian School Inc ($5.0m), Clarksville Christian School Inc ($5.0m) and Genesis Preparatory Academy ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $79k (1.6% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $12.1m against liabilities of $11.8m, net assets of $379k. It reported 108 employees.