Compass Academy Charter School

Analysis

Compass Academy Charter School is a registered charity in United States, based in Vineland, NJ. It received its IRS tax-exemption ruling in September 2015, 11 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, Compass Academy Charter School reported income of $3.5m and spending of $3.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.5m (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Compass Academy Charter School sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Writopia Lab Inc ($3.5m), Taskin Educational Organization ($3.5m) and The Winston School of San Diego ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $1.3m against liabilities of $1.2m, net assets of $115k. It reported 61 employees.