College Bound Academy Inc

Analysis

College Bound Academy Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in October 2017, 9 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, College Bound Academy Inc reported income of $5.4m and spending of $5.3m, spending 100% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $2.4m to $5.4m (+129%), an average of +18% a year. The sharpest change came in the year to June 2019, when income rose by 49%. 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, College Bound Academy Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within OK. Charities of a similar size with the same main cause include Learning Excellence Foundation of East Broward County Inc ($5.4m), Mosdos Sanz of Monsey ($5.4m) and Kingston Hill Academy ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $2.7m against liabilities of $844k, net assets of $1.9m. It reported 63 employees.