Universal Academy Charter School Inc

Analysis

Universal Academy Charter School Inc is a registered charity in United States, based in Minneapolis, MN. 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 2023, Universal Academy Charter School Inc reported income of $8.2m and spending of $8.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $8.2m (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Universal Academy Charter School Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Cirrus Education Group ($8.2m), CNS International Ministries Inc ($8.2m) and Brooklyn Urban Garden Charter School ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $247k (3.0% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $15.7m against liabilities of $10.7m, net assets of $5.0m. It reported 100 employees.