Geo Academies Ebr

Analysis

Geo Academies Ebr is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in January 2018, 8 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, Geo Academies Ebr reported income of $16.7m and spending of $14.7m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $16.7m (+130%), an average of +23% a year. The sharpest change came in the year to June 2020, when income rose by 45%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Geo Academies Ebr 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 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Lifeline Education Charter School I Inc ($16.7m), Riverhead Charter School ($16.7m) and Lindley Academy Charter School at Birney ($16.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $233k (1.6% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $9.8m against liabilities of $6.5m, net assets of $3.3m. It reported 212 employees.