Kinetic Academy

Analysis

Kinetic Academy is a registered charity in United States, based in Huntingtn BCH, CA. It received its IRS tax-exemption ruling in May 2016, 10 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, Kinetic Academy reported income of $4.3m and spending of $4.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $4.3m (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kinetic Academy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Doane Stuart School ($4.3m), Trinity Christian School Inc ($4.3m) and Beacon Hill Preparatory Institute ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $144k (3.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $3.2m against liabilities of $2.3m, net assets of $883k. It reported 63 employees.