Cheyenne Mountain Charter Academy Foundation

Analysis

Cheyenne Mountain Charter Academy Foundation is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cheyenne Mountain Charter Academy Foundation reported income of $1.4m and spending of $1.5m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $1.4m (-39%), an average of -12% a year. The sharpest change came in the year to June 2020, when income dropped by 38%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cheyenne Mountain Charter Academy Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within CO. Charities of a similar size with the same main cause include Peninsula Ambulance Corps ($1.4m), Bowlers to Veterans Link Inc ($1.4m) and Catholic Charities Health Care Center Inc ($1.4m).

At year end it held assets of $20.0m against liabilities of $22.9m, net assets of -$2.9m.

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.