Sage Academy Inc

Analysis

Sage Academy Inc is a registered charity in United States, based in Surprise, AZ. It received its IRS tax-exemption ruling in November 2006, 20 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, Sage Academy Inc reported income of $1.8m and spending of $1.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.8m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2023, when income dropped by 25%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sage Academy Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within AZ. Charities of a similar size with the same main cause include Girl Power Rocks Inc ($1.8m), Consortium of State School Boards Associations ($1.8m) and Crescent Ridge Academy Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $534k (29% of expenses). At year end it held assets of $1.4m against liabilities of $1.7m, net assets of -$268k. It reported 30 employees.