Peak Charter Academy

Analysis

Peak Charter Academy is a registered charity in United States, based in Apex, NC. It received its IRS tax-exemption ruling in July 2017, 9 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, Peak Charter Academy reported income of $8.3m and spending of $8.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.1m to $8.3m (+35%), an average of +7.9% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Peak Charter Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include New Summit Academy ($8.3m), 199 Hunting Park ($8.3m) and Central Pointe Christian Educational Center Inc ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.2% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $676k against liabilities of $623k, net assets of $53k.