Centennial Place Academy Inc

Analysis

Centennial Place Academy Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 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, Centennial Place Academy Inc reported income of $15.0m and spending of $14.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.2m to $15.0m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2021, when income rose by 22%. 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, Centennial Place Academy 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 96th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Unity Preparatory Charter School of Brooklyn ($15.0m), Deutscher Schulverein Washington D C ($15.0m) and Collective for Youth ($14.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $546k (3.9% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $10.6m against liabilities of $660k, net assets of $10.0m. It reported 138 employees.