Clearwater Academy Inc

Analysis

Clearwater Academy Inc is a registered charity in United States, based in Tyrone, GA. It received its IRS tax-exemption ruling in August 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, Clearwater Academy Inc reported income of $1.2m and spending of $1.0m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $868k to $1.2m (+37%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clearwater Academy Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include United College Action Network ($1.2m), Denver World Affairs Council ($1.2m) and The Society for Financial Studies ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $87k (8.5% of expenses). Other salaries and wages came to $643k. At year end it held assets of $1.7m against liabilities of $1.1m, net assets of $613k. It reported 15 employees.