Columbia Academy

Analysis

Columbia Academy is a registered charity in United States, based in Columbia, MS. It received its IRS tax-exemption ruling in December 2004, 22 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, Columbia Academy reported income of $3.4m and spending of $3.6m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $3.4m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Columbia Academy sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within MS. Charities of a similar size with the same main cause include West Michigan Center for Arts and Technology ($3.4m), American Friends of Bet El Yeshiva Center ($3.4m) and Youth Leadership Academy ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 98% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $3.7m against liabilities of $509k, net assets of $3.1m. It reported 98 employees.