Flatirons Academy

Analysis

Flatirons Academy is a registered charity in United States, based in Westminster, CO. It received its IRS tax-exemption ruling in May 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 May 2023, Flatirons Academy reported income of $12.1m and spending of $9.2m, leaving 24% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $3.1m to $12.1m (+295%), an average of +41% a year. The sharpest change came in the year to May 2020, when income rose by 151%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Flatirons Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include Coop Careers Inc ($12.1m), Eugene Higgins Charitable Trust ($12.1m) and Pacific View Charter School ($12.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $225k (2.4% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $25.2m against liabilities of $9.2m, net assets of $16.0m. It reported 124 employees.