Collegiate Academies

Analysis

Collegiate Academies is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in September 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, Collegiate Academies reported income of $66.5m and spending of $60.1m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $37.1m to $66.5m (+79%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 34%. 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, Collegiate Academies sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within LA. Charities of a similar size with the same main cause include Concept Schools Inc ($66.2m), Transylvania University ($66.5m) and Reading & Math Inc ($66.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $2.5m (4.1% of expenses). Other salaries and wages came to $28.5m. At year end it held assets of $23.3m against liabilities of $3.7m, net assets of $19.6m. It reported 686 employees.