Academic Solutions Academy Inc

Analysis

Academic Solutions Academy Inc is a registered charity in United States, based in Coral Springs, FL. It received its IRS tax-exemption ruling in March 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, Academic Solutions Academy Inc reported income of $4.8m and spending of $4.9m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $4.8m (+63%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academic Solutions 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 93rd percentile within FL. Charities of a similar size with the same main cause include Child Development Services of Ottawa County Inc ($4.8m), Cochise Community Development Corp ($4.8m) and Heritage Classical Academy ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $600k (12% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $11.5m against liabilities of $9.9m, net assets of $1.6m. It reported 13 employees.