Chesapeake Bay Academy

Analysis

Chesapeake Bay Academy is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in July 1990, 36 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, Chesapeake Bay Academy reported income of $4.4m and spending of $4.0m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $4.4m (+10%), an average of +2.4% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chesapeake Bay Academy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Unm Rainforest Innovations ($4.4m), Blue Oak Charter School Inc ($4.4m) and Center for Student Learning Charter School at Pennsbury ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $219k (5.5% of expenses). Other salaries and wages came to $1.7m. It paid $3,000 in professional fundraising fees. At year end it held assets of $7.6m against liabilities of $2.2m, net assets of $5.4m. It reported 56 employees.