South Carolina Acceleration Adacemies

Analysis

South Carolina Acceleration Adacemies is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in August 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 June 2023, South Carolina Acceleration Adacemies reported income of $3.5m and spending of $3.1m, spending 90% of its income. The sharpest change came in the year to June 2022, when income rose by 612%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Carolina Acceleration Adacemies 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 90th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include United Methodist Church ($3.5m), Ahp Specialty Care NFP ($3.5m) and Horizons Unlimited of San Francisco Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Other salaries and wages came to $6,522. At year end it held assets of $1.3m against liabilities of $842k, net assets of $423k.