Atlanta Smart Academy Inc

Analysis

Atlanta Smart Academy Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 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 2024, Atlanta Smart Academy Inc reported income of $3.9m and spending of $5.3m, spending 137% of what it took in. Across the 2 years on record, from December 2021 to June 2024, income grew from $252k to $3.9m (+1440%), an average of +1440% a year. The sharpest change came in the year to June 2024, when income rose by 1440%. Over the whole period it spent 141% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Atlanta Smart Academy Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include Forest School ($3.9m), Providence Montessori School Inc ($3.9m) and Key Educational Group ($3.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 77% of the total. At year end it held assets of $4.3m against liabilities of $4.8m, net assets of -$529k. It reported 33 employees.