Believe I Can Academy Inc

Analysis

Believe I Can Academy Inc is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Believe I Can Academy Inc reported income of $561k and spending of $645k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $600k to $561k (-6.5%), an average of -1.7% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Believe I Can Academy Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 69th percentile within AZ. Charities of a similar size with the same main cause include Kemmerer Senior Citizens Center Inc ($561k), Mothers Milk Bank of Alabama ($561k) and Mias Miracles Foundation Inc ($561k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $86k (13% of expenses). Other salaries and wages came to $128k. At year end it held assets of $449k against liabilities of $39k, net assets of $410k. It reported 5 employees.