Compass Academy

Analysis

Compass Academy is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 2015, 11 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, Compass Academy reported income of $4.6m and spending of $4.4m, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $4.8m to $4.6m (-4.0%), an average of -0.8% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Compass Academy sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include Mylan Park Foundation Inc ($4.6m), Charter Academy of the Redwoods ($4.6m) and Readworks Inc ($4.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $323k (7.4% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $4.1m against liabilities of $2.0m, net assets of $2.1m. It reported 46 employees.