Bold City Education Inc

Analysis

Bold City Education Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in August 2017, 9 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, Bold City Education Inc reported income of $16.7m and spending of $17.5m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.6m to $16.7m (+360%), an average of +66% a year. The sharpest change came in the year to June 2021, when income rose by 116%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bold City Education Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Riverhead Charter School ($16.7m), Blue Ridge School Incorporated ($16.7m) and Geo Academies Ebr ($16.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 2.0% of the total. Other salaries and wages came to $6.2m. At year end it held assets of $73.6m against liabilities of $76.5m, net assets of -$2.9m. It reported 288 employees.