Skyline Math and Science Academy Inc

Analysis

Skyline Math and Science Academy Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 2018, 8 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, Skyline Math and Science Academy Inc reported income of $4.8m and spending of $4.6m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $4.8m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Skyline Math and Science Academy Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Veritas Academy Inc ($4.8m), Ada Developers Academy ($4.8m) and LA Cima Charter School ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $190k (4.1% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $1.8m against liabilities of $3.5m, net assets of -$1.6m. It reported 100 employees.