Knowledge Quest Academy

Analysis

Knowledge Quest Academy is a registered charity in United States, based in Milliken, CO. It received its IRS tax-exemption ruling in May 2002, 24 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, Knowledge Quest Academy reported income of $4.8m and spending of $5.6m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $4.8m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Knowledge Quest Academy sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include Rocket Learning Foundation ($4.8m), Youthbuild DC Public Charter School Inc ($4.8m) and Hand in Hand Christian Montessori Home School Academy ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.1% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $120k (2.1% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $10.3m against liabilities of $8.8m, net assets of $1.6m. It reported 70 employees.