Voyager Academy Inc

Analysis

Voyager Academy Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in August 2007, 19 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, Voyager Academy Inc reported income of $18.0m and spending of $14.8m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.4m to $18.0m (+26%), an average of +5.9% a year. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Voyager Academy Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include School in the Square Public Charter School ($18.0m), Durand Inc ($18.0m) and Hope Educational & Research Center ($18.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.3% and program service revenue 95% of the total. Other salaries and wages came to $8.4m. At year end it held assets of $16.8m against liabilities of $22.4m, net assets of -$5.5m. It reported 237 employees.