Caldwell Academy

Analysis

Caldwell Academy is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in June 1996, 30 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, Caldwell Academy reported income of $8.8m and spending of $9.0m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.8m to $8.8m (+13%), an average of +3.0% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Caldwell Academy 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 96th percentile within NC. Charities of a similar size with the same main cause include Founders Academy of Las Vegas ($8.8m), Eden Theological Seminary ($8.8m) and Discovery High School Inc ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $270k (3.0% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $21.1m against liabilities of $10.7m, net assets of $10.4m. It reported 202 employees.