College Park Academy Inc

Analysis

College Park Academy Inc is a registered charity in United States, based in Riverdale, MD. It received its IRS tax-exemption ruling in September 2013, 13 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 2024, College Park Academy Inc reported income of $10.3m and spending of $9.4m, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $7.6m to $10.3m (+36%), an average of +6.4% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College Park Academy Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Richard Wright Public Charter School ($10.3m), Delhi Charter School ($10.3m) and Options for Youth-San Gabriel Inc ($10.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $193k (2.1% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $18.6m against liabilities of $11.8m, net assets of $6.7m. It reported 95 employees.