Compass Collegiate Academy

Analysis

Compass Collegiate Academy is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in May 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 2023, Compass Collegiate Academy reported income of $1.3m and spending of $1.2m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $29k to $1.3m (+4557%), an average of +260% a year. The sharpest change came in the year to June 2021, when income rose by 884%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Compass Collegiate Academy sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within SC. Charities of a similar size with the same main cause include Classical Preparatory VPK ($1.3m), South Carolina Music Educators Association ($1.3m) and Doman International Institute ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 7.1% of the total. Other salaries and wages came to $706k. At year end it held assets of $477k against liabilities of $46k, net assets of $431k. It reported 24 employees.