Platte River Academy

Analysis

Platte River Academy is a registered charity in United States, based in HGHLNDS Ranch, CO. It received its IRS tax-exemption ruling in July 1999, 27 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, Platte River Academy reported income of $6.8m and spending of $6.3m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.5m to $6.8m (+4.8%), an average of +1.2% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Platte River Academy sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Ohio Digital Learning School ($6.8m), Ha or Beacon School ($6.8m) and Oakland Christian School ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.2% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $296k (4.7% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $10.0m against liabilities of $15.0m, net assets of -$5.0m. It reported 8 employees.