Academics Plus Charter Schools Inc

Analysis

Academics Plus Charter Schools Inc is a registered charity in United States, based in Maumelle, AR. It received its IRS tax-exemption ruling in March 2000, 26 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, Academics Plus Charter Schools Inc reported income of $18.4m and spending of $18.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.8m to $18.4m (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academics Plus Charter Schools Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within AR. Charities of a similar size with the same main cause include Grand Concourse Academy Charter School ($18.4m), Nansemond-Suffolk Academy Association Incorporated ($18.4m) and Belle Chasse Academy Inc ($18.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $163k (0.9% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $6.5m against liabilities of $0, net assets of $6.5m. It reported 199 employees.