Becoming Collegiate Academy Inc

Analysis

Becoming Collegiate Academy Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in November 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, Becoming Collegiate Academy Inc reported income of $1.6m and spending of $1.2m, leaving 24% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $365k to $1.6m (+343%), an average of +111% a year. The sharpest change came in the year to June 2023, when income rose by 533%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Becoming Collegiate Academy Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Academy for Teachers ($1.6m), Inavale Community Partnersincorporated ($1.6m) and Midtown Primary School ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $108k (8.8% of expenses). Other salaries and wages came to $407k. At year end it held assets of $1.1m against liabilities of $438k, net assets of $633k. It reported 2 employees.