Code Academy

Analysis

Code Academy is a registered charity in United States, based in Houston, TX. 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Code Academy reported income of $665k and spending of $637k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $349k to $665k (+91%), an average of +90% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Code Academy sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Tennessee College Access and Success Network ($665k), Gregg Pearson Foundation Inc ($665k) and Iranian Scholarship Fund ($665k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $64k (10.0% of expenses). Other salaries and wages came to $248k. At year end it held assets of $84k against liabilities of $2,176, net assets of $82k. It reported 5 employees.