Chapin Academy Incorporated

Analysis

Chapin Academy Incorporated is a registered charity in United States, based in Chapin, SC. It received its IRS tax-exemption ruling in April 2019, 7 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, Chapin Academy Incorporated reported income of $332k and spending of $335k, spending 101% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $306k to $332k (+8.5%), an average of +4.2% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chapin Academy Incorporated sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within SC. Charities of a similar size with the same main cause include Jewish Wisdom Foundation ($332k), Christian School International Foundation ($332k) and East Lake Montessori ($332k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $229k (68% of expenses). At year end it held assets of $148k against liabilities of $4,715, net assets of $143k. It reported 30 employees.