Citizens Academy III

Analysis

Citizens Academy III is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in January 2016, 10 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, Citizens Academy III reported income of $10.3m and spending of $10.7m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $10.3m (+123%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Citizens Academy III sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Liberty Classical Academy ($10.3m), Ncinnovation Inc ($10.3m) and Early Light Academy ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $144k (1.4% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $13.9m against liabilities of $15.2m, net assets of -$1.3m. It reported 125 employees.