Sharkey-Issaquena Academy Foundation

Analysis

Sharkey-Issaquena Academy Foundation is a registered charity in United States, based in Rolling Fork, MS. It received its IRS tax-exemption ruling in September 2014, 12 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 July 2023, Sharkey-Issaquena Academy Foundation reported income of $1.0m and spending of $963k, spending 93% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.2m to $1.0m (-15%), an average of -3.9% a year. The sharpest change came in the year to July 2020, when income dropped by 27%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sharkey-Issaquena Academy Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within MS. Charities of a similar size with the same main cause include Institute for the American Worker ($1.0m), Painted Pony Ranch Charter School ($1.0m) and Ripple of One Inc ($1.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 6.1% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $64k (6.6% of expenses). Other salaries and wages came to $651k. At year end it held assets of $1.2m against liabilities of $88k, net assets of $1.1m. It reported 40 employees.