Compass Academy

Analysis

Compass Academy is a registered charity in United States, based in Conway, AR. It received its IRS tax-exemption ruling in May 2016, 10 years ago. 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 May 2021, Compass Academy reported income of $701k and spending of $605k, spending 86% of its income. Across the 3 years on record, from May 2019 to May 2021, income grew from $428k to $701k (+64%), an average of +28% a year. The sharpest change came in the year to May 2020, when income rose by 32%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Compass Academy sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within AR. Charities of a similar size with the same main cause include I E S Language Foundation ($701k), Kindergarten Preparatory Preschool Inc ($701k) and Northeast Historic Film ($701k).

On its Form 990 for the period ending May 2021, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $60k (9.9% of expenses). Other salaries and wages came to $427k. At year end it held assets of $244k against liabilities of $2,450, net assets of $241k. It reported 22 employees.