Community Academies of New Orleans Inc

Analysis

Community Academies of New Orleans Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in January 2020, 6 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, Community Academies of New Orleans Inc reported income of $26.8m and spending of $22.2m, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.0m to $26.8m (+1246%), an average of +138% a year. The sharpest change came in the year to June 2021, when income rose by 894%. 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, Community Academies of New Orleans 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 LA. Charities of a similar size with the same main cause include University of Southern Mississippi Foundation ($26.8m), University of Iowa Strategic Initiatives Fund ($26.8m) and James Irwin Charter Schools ($26.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $320k (1.4% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $8.7m against liabilities of $726k, net assets of $8.0m. It reported 295 employees.