Altoona School Inc

Analysis

Altoona School Inc is a registered charity in United States, based in Altoona, FL. It received its IRS tax-exemption ruling in October 2004, 22 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, Altoona School Inc reported income of $3.1m and spending of $2.8m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.1m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Altoona School Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Doral Academy of Idaho Inc ($3.1m), Unemed Corporation ($3.1m) and Arborbrook Christian Academy ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $1.7m against liabilities of $349k, net assets of $1.3m. It reported 57 employees.