South Point Scholars Academy Inc

Analysis

South Point Scholars Academy Inc is a registered charity in United States, based in Homestead, FL. It received its IRS tax-exemption ruling in August 2022, 4 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 2024, South Point Scholars Academy Inc reported income of $928k and spending of $855k, spending 92% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $535k to $928k (+74%), an average of +32% a year. The sharpest change came in the year to June 2024, when income rose by 35%. 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, South Point Scholars Academy Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Signum University ($928k), Friends of the Library of Collier County Inc ($928k) and Russian-American International School ($928k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $235k against liabilities of $50k, net assets of $184k.