Chestnut Ridge Academy and Satellite School

Analysis

Chestnut Ridge Academy and Satellite School is a registered charity in United States, based in Fayetteville, TN. It received its IRS tax-exemption ruling in June 2019, 7 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Chestnut Ridge Academy and Satellite School reported income of $105k and spending of $99k, spending 95% of its income. Across the 3 years on record, from May 2022 to May 2024, income grew from $76k to $105k (+38%), an average of +18% a year. The sharpest change came in the year to May 2024, when income rose by 25%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chestnut Ridge Academy and Satellite School sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within TN. Charities of a similar size with the same main cause include Police Athletic League of Tampa Inc ($105k), Mattapoisett Historical Society ($105k) and Windber Public Library Association ($105k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 12% and program service revenue 88% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.