Vertical Skills Academy

Analysis

Vertical Skills Academy is a registered charity in United States, based in Littleton, CO. It received its IRS tax-exemption ruling in July 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, Vertical Skills Academy reported income of $798k and spending of $703k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $416k to $798k (+92%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vertical Skills Academy sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CO. Charities of a similar size with the same main cause include City Wildlife Inc ($798k), Wheaton Academy Foundation ($798k) and Spring Hill-The Advanced Elementary School of Santa Cruz ($798k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.4% and program service revenue 91% of the total. Other salaries and wages came to $476k. At year end it held assets of $429k against liabilities of $17k, net assets of $412k. It reported 12 employees.