Clearwater Academy International Inc

Analysis

Clearwater Academy International Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in February 1993, 33 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 July 2023, Clearwater Academy International Inc reported income of $3.8m and spending of $3.4m, spending 88% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.5m to $3.8m (+56%), an average of +12% a year. The sharpest change came in the year to July 2022, when income rose by 18%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clearwater Academy International Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Destin Charity Wine Auction Foundation Inc ($3.8m), Casper Family YMCA ($3.8m) and Lewis Clinic for Educational Therapy ($3.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 1.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $81k (2.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.6m against liabilities of $1.2m, net assets of $3.4m. It reported 69 employees.