Charisma Academy I Inc

Analysis

Charisma Academy I Inc is a registered charity in United States, based in Granada Hills, CA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. 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 December 2023, Charisma Academy I Inc reported income of $764k and spending of $741k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $230k to $764k (+232%), an average of +49% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charisma Academy I Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Akron Childrens Museum ($764k), Habitat for Humanity International Inc ($764k) and Cooperating Ministry of Logan County ($764k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $35k (4.7% of expenses). Other salaries and wages came to $257k. At year end it held assets of $49k against liabilities of $59k, net assets of -$9,729. It reported 10 employees.