Geo Academies Inc

Analysis

Geo Academies Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 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, Geo Academies Inc reported income of $3.5m and spending of $3.3m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $79k to $3.5m (+4386%), an average of +255% a year. The sharpest change came in the year to June 2021, when income rose by 2079%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Geo Academies Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Edge Learning Inc ($3.5m), Life Prep ($3.5m) and Club Pure Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 4.3% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.5m against liabilities of $2.7m, net assets of -$1.2m. It reported 28 employees.