Colorado Academy

Analysis

Colorado Academy is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 1952, 74 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 Academy reported income of $53.2m and spending of $42.6m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $38.6m to $53.2m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colorado Academy sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Kyiv School of Economics ($52.8m), Public Prep Charter School Academies ($53.2m) and University of Louisville Foundation Inc ($52.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $799k (1.9% of expenses). Other salaries and wages came to $16.9m. At year end it held assets of $123.5m against liabilities of $12.0m, net assets of $111.5m. It reported 611 employees.