Global Outreach Charter Academys

Analysis

Global Outreach Charter Academys is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in March 2010, 16 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, Global Outreach Charter Academys reported income of $21.5m and spending of $21.8m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $8.9m to $21.5m (+142%), an average of +34% a year. The sharpest change came in the year to June 2021, when income rose by 70%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Global Outreach Charter Academys 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 98th percentile within FL. Charities of a similar size with the same main cause include American Heritage Schools Inc ($21.5m), Cares Center Inc ($21.5m) and Golden Rule Schools Inc ($21.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.7% of the total. Other salaries and wages came to $10.1m. At year end it held assets of $53.2m against liabilities of $51.1m, net assets of $2.2m. It reported 351 employees.