Community Academy

Analysis

Community Academy is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in November 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 2024, Community Academy reported income of $138k and spending of $145k, spending 105% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $107k to $138k (+29%), an average of +29% a year. The sharpest change came in the year to June 2024, when income rose by 29%. Over the whole period it spent 125% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Community Academy sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within IA. Charities of a similar size with the same main cause include Manchaug Pond Foundation Inc ($138k), Delaware Cooperative Preschool Inc ($138k) and Devin Lomax Bolkcom Smith Scholarship Fund ($138k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.