Accelerated Intermediate Academy

Analysis

Accelerated Intermediate Academy is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2001, 25 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 August 2023, Accelerated Intermediate Academy reported income of $1.1m and spending of $2.3m, spending 204% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.7m to $1.1m (-58%), an average of -20% a year. The sharpest change came in the year to August 2023, when income dropped by 59%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Accelerated Intermediate Academy sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Americas Junior Miss Scholarship Foundation Inc ($1.1m), Intercultural Outreach Initiative Inc ($1.1m) and Montessori Private Academy Inc ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 212% of the total. Compensation of current officers, directors and key employees was $278k (12% of expenses). Other salaries and wages came to $704k. At year end it held assets of $21.6m against liabilities of $478k, net assets of $21.2m. It reported 29 employees.