Spokane International Academy

Analysis

Spokane International Academy is a registered charity in United States, based in Spokane, WA. 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 August 2023, Spokane International Academy reported income of $13.7m and spending of $12.3m, spending 90% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $6.4m to $13.7m (+113%), an average of +21% a year. The sharpest change came in the year to August 2020, when income rose by 41%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spokane International Academy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within WA. Charities of a similar size with the same main cause include Jewell Educational Fund ($13.7m), Hilton Head Christian Academy ($13.7m) and The Phoenix Center Inc ($13.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $335k (2.7% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $28.5m against liabilities of $21.3m, net assets of $7.2m. It reported 147 employees.