Ethos Academy a Challenge Foundation Academy Inc

Analysis

Ethos Academy a Challenge Foundation Academy Inc is a registered charity in United States, based in Glendale, AZ. It received its IRS tax-exemption ruling in May 2015, 11 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, Ethos Academy a Challenge Foundation Academy Inc reported income of $4.7m and spending of $4.4m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $4.7m (+47%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ethos Academy a Challenge Foundation Academy Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within AZ. Charities of a similar size with the same main cause include Polaris Tech Charter School ($4.7m), Amber Education Fund Inc ($4.7m) and Wayne County School Foundation ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $104k (2.4% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $3.4m against liabilities of $1.6m, net assets of $1.8m. It reported 62 employees.