Plato Academy Schools Corporation

Analysis

Plato Academy Schools Corporation is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in April 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, Plato Academy Schools Corporation reported income of $39.2m and spending of $39.0m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $26.7m to $39.2m (+47%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 24%. 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, Plato Academy Schools Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include University of Nashville Montgomery Bell Academy ($39.2m), Distributive Education Clubs of America Group Return ($39.3m) and Pembroke Hill School ($39.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. Other salaries and wages came to $22.0m. At year end it held assets of $108.1m against liabilities of $100.3m, net assets of $7.9m. It reported 585 employees.