Aristotle Preparatory Academy Challenge Foundation Academy

Analysis

Aristotle Preparatory Academy Challenge Foundation Academy is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 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 June 2023, Aristotle Preparatory Academy Challenge Foundation Academy reported income of $3.0m and spending of $2.6m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $3.0m (+142%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aristotle Preparatory Academy Challenge Foundation Academy sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include School on Wheels Inc ($3.0m), Hope Rural School Inc ($3.0m) and Chancellor William McGill School of Success ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $125k (4.8% of expenses). Other salaries and wages came to $933k. At year end it held assets of $15.3m against liabilities of $14.3m, net assets of $982k. It reported 43 employees.