Eagle Ridge Academy

Analysis

Eagle Ridge Academy is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in July 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, Eagle Ridge Academy reported income of $19.1m and spending of $18.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.6m to $19.1m (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eagle Ridge Academy 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 MN. Charities of a similar size with the same main cause include Metropolitan College of New York ($19.1m), Redlands Christian School ($19.1m) and Piedmont Community Charter School ($19.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $440k (2.4% of expenses). Other salaries and wages came to $8.7m. At year end it held assets of $13.1m against liabilities of $13.6m, net assets of -$517k. It reported 267 employees.