Hillsboro Charter Academy

Analysis

Hillsboro Charter Academy is a registered charity in United States, based in Hillsboro, VA. It received its IRS tax-exemption ruling in September 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 2023, Hillsboro Charter Academy reported income of $3.4m and spending of $3.1m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.3m to $3.4m (+51%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hillsboro Charter Academy sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Miami-Dade Family Learning Partnership Inc ($3.4m), Charlotte Bilingual Preschool Inc ($3.4m) and Seminole State College Educational Foundation Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.5m against liabilities of $54k, net assets of $1.5m. It reported 12 employees.