Arkansas Connections Academy Inc

Analysis

Arkansas Connections Academy Inc is a registered charity in United States, based in Bentonville, AR. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Arkansas Connections Academy Inc reported income of $30.0m and spending of $27.4m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.5m to $30.0m (+217%), an average of +33% a year. The sharpest change came in the year to June 2021, when income rose by 60%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arkansas Connections Academy Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within AR. Charities of a similar size with the same main cause include Mt Paran Christian School Inc ($30.0m), Rippowam Cisqua School Inc ($30.1m) and Florida Gulf Coast University Foundation Inc ($29.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $7.2m. At year end it held assets of $10.9m against liabilities of $7.2m, net assets of $3.7m.