South Choctaw Academy Inc

Analysis

South Choctaw Academy Inc is a registered charity in United States, based in Toxey, AL. It received its IRS tax-exemption ruling in May 2018, 8 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 December 2023, South Choctaw Academy Inc reported income of $1.6m and spending of $1.5m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $916k to $1.6m (+73%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Choctaw Academy Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within AL. Charities of a similar size with the same main cause include Wichita Public Library Foundation Inc ($1.6m), Central Holmes Christian School ($1.6m) and Digibridge Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% of the total. Other salaries and wages came to $844k. At year end it held assets of $794k against liabilities of -$21k, net assets of $815k. It reported 59 employees.