Apalachicola Bay Charter School Inc

Analysis

Apalachicola Bay Charter School Inc is a registered charity in United States, based in Apalachicola, FL. It received its IRS tax-exemption ruling in August 2001, 25 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 2024, Apalachicola Bay Charter School Inc reported income of $6.5m and spending of $4.8m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.8m to $6.5m (+72%), an average of +15% a year. The sharpest change came in the year to June 2024, when income rose by 29%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Apalachicola Bay Charter School Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Friends Academy Inc ($6.5m), Alpha Chi Omega Foundation Inc ($6.5m) and Society for Academic Emergency Medicine ($6.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $137k (2.9% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $6.7m against liabilities of $272k, net assets of $6.4m. It reported 86 employees.