Crescent Ridge Academy Inc

Analysis

Crescent Ridge Academy Inc is a registered charity in United States, based in Crescent SPGS, KY. It received its IRS tax-exemption ruling in September 1972, 54 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, Crescent Ridge Academy Inc reported income of $1.8m and spending of $1.7m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.8m (+27%), an average of +8.2% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Crescent Ridge Academy Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within KY. Charities of a similar size with the same main cause include Associates of the Boston Public Library Inc ($1.8m), Girl Power Rocks Inc ($1.8m) and Gem City Career Prep High School ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $877k. It paid $63k in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $831k, net assets of $438k. It reported 22 employees.