KCBS Advance Academy Inc

Analysis

KCBS Advance Academy Inc is a registered charity in United States, based in Saint Cloud, FL. It received its IRS tax-exemption ruling in August 2022, 4 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 2024, KCBS Advance Academy Inc reported income of $314k and spending of $452k, spending 144% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $121k to $314k (+159%), an average of +61% a year. The sharpest change came in the year to June 2023, when income rose by 124%. Over the whole period it spent 151% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, KCBS Advance Academy Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Six Forty Corp ($314k), Sac Arts Education ($314k) and The Commons Foundation ($314k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $92k (20% of expenses). Other salaries and wages came to $221k. At year end it held assets of $27k against liabilities of $392k, net assets of -$365k. It reported 17 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.