Academy of Charter Schools Inc

Analysis

Academy of Charter Schools Inc is a registered charity in United States, based in Westminster, CO. It received its IRS tax-exemption ruling in September 2014, 12 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, Academy of Charter Schools Inc reported income of $25.1m and spending of $21.2m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.6m to $25.1m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy of Charter Schools Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include North Cobb Christian School Inc ($25.1m), Ingenuity Prep ($25.1m) and Wake County Smartstart ($25.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.7% and program service revenue 84% of the total. Other salaries and wages came to $10.3m. At year end it held assets of $43.1m against liabilities of $56.4m, net assets of -$13.3m. It reported 337 employees.