CF Academy Inc

Analysis

CF Academy Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, CF Academy Inc reported income of $885k and spending of $900k, spending 102% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $876k to $885k (+1.0%), an average of +0.2% a year. The sharpest change came in the year to July 2021, when income rose by 33%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, CF Academy Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Minnesota Flyers Gymnastics Inc ($884k), Athletics & Beyond ($885k) and North Carolina Recreation and Park Association Inc ($884k).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $536k. At year end it held assets of $346k against liabilities of $327k, net assets of $19k. It reported 64 employees.