Universal Academy of Florida Inc

Analysis

Universal Academy of Florida Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in April 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 June 2023, Universal Academy of Florida Inc reported income of $9.9m and spending of $8.3m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $9.9m (+73%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Universal Academy of Florida Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Save Inc ($9.9m), Cass Community Social Services Inc ($9.9m) and Ohio Valley Conference ($9.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Other salaries and wages came to $4.8m. At year end it held assets of $11.9m against liabilities of $767k, net assets of $11.1m. It reported 93 employees.