Utica Shale Academy of Ohio

Analysis

Utica Shale Academy of Ohio is a registered charity in United States, based in Salineville, OH. It received its IRS tax-exemption ruling in September 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 2024, Utica Shale Academy of Ohio reported income of $4.4m and spending of $4.1m, spending 92% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $451k to $4.4m (+885%), an average of +58% a year. The sharpest change came in the year to June 2024, when income rose by 74%. 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, Utica Shale Academy of Ohio sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Reform Alliance Inc ($4.4m), Living Stones Academy ($4.4m) and Malheur County Child Development Center ($4.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $7,125 (0.2% of expenses). At year end it held assets of $654k against liabilities of $0, net assets of $654k. It reported 5 employees.