Scintilla Charter Academy Inc

Analysis

Scintilla Charter Academy Inc is a registered charity in United States, based in Valdosta, GA. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Scintilla Charter Academy Inc reported income of $9.8m and spending of $10.1m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $9.8m (+97%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Scintilla Charter Academy Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Community Foundation of North Central Massachusetts Inc ($9.8m), West Central Initiative ($9.8m) and Tampa-Orlando-Pinellas Jewish Foundation Inc ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $170k (1.7% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $27.9m against liabilities of $31.8m, net assets of -$3.8m. It reported 116 employees.