Accelerated Elementary and Secondary School

Analysis

Accelerated Elementary and Secondary School is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in September 2008, 18 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, Accelerated Elementary and Secondary School reported income of $1.6m and spending of $2.0m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $952k to $1.6m (+68%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 105%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Accelerated Elementary and Secondary School sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within AZ. Charities of a similar size with the same main cause include Keystone Prep High School ($1.6m), Innovation Montessori High School Ocoee Inc ($1.6m) and Grace Leadership Preparatory Institute ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $116k (5.7% of expenses). Other salaries and wages came to $612k. At year end it held assets of $7.0m against liabilities of $4.1m, net assets of $2.8m. It reported 30 employees.