Alternative Education Academy of Iosco County

Analysis

Alternative Education Academy of Iosco County is a registered charity in United States, based in Tawas City, MI. It received its IRS tax-exemption ruling in September 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 2024, Alternative Education Academy of Iosco County reported income of $2.2m and spending of $1.7m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $2.2m (+71%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alternative Education Academy of Iosco County sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Check My Ads Institute ($2.2m), North Shore High School ($2.2m) and Rank the Vote ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% of the total. At year end it held assets of $3.8m against liabilities of $190k, net assets of $3.6m.