Southgate Academy Inc

Analysis

Southgate Academy Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in February 2006, 20 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, Southgate Academy Inc reported income of $7.0m and spending of $7.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.0m to $7.0m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southgate Academy Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within AZ. Charities of a similar size with the same main cause include Maarif Foundation USA ($7.0m), Masada Charter School Inc ($7.0m) and Greenwave Organization Corp ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $368k (5.3% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $15.4m against liabilities of $9.4m, net assets of $6.0m. It reported 127 employees.