Academy of Spectrum Diversity Inc

Analysis

Academy of Spectrum Diversity Inc is a registered charity in United States, based in Zephyrhills, FL. It received its IRS tax-exemption ruling in January 2018, 8 years ago. 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 2024, Academy of Spectrum Diversity Inc reported income of $637k and spending of $689k, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $521k to $637k (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Academy of Spectrum Diversity Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Wonder Years Academy ($637k), Volunteers of America Inc ($637k) and The Harry Kay Charitable Foundation ($637k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $162k (24% of expenses). Other salaries and wages came to $206k. At year end it held assets of $1.5m against liabilities of $907k, net assets of $549k. It reported 13 employees.