Colorado Skies Academy

Analysis

Colorado Skies Academy is a registered charity in United States, based in Englewood, CO. 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, Colorado Skies Academy reported income of $2.7m and spending of $3.5m, spending 131% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.7m to $2.7m (-0.7%), an average of -0.2% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 121% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colorado Skies Academy sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include Massachusetts Alliance for Early College Inc ($2.7m), Wheaton Montessori School ($2.7m) and Moore Montessori Community School ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 83% of the total. Other salaries and wages came to $829k. At year end it held assets of $11.0m against liabilities of $13.5m, net assets of -$2.5m. It reported 38 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.