Friends of Copper Island Academy

Analysis

Friends of Copper Island Academy is a registered charity in United States, based in Calumet, MI. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Copper Island Academy reported income of $144k and spending of $62k, leaving 57% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $95k to $144k (+52%), an average of +52% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Copper Island Academy sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within MI. Charities of a similar size with the same main cause include Extollo Educational Foundation ($144k), Colerain School District Booster Association ($144k) and Everett High School PTA Everett Council 7 3 85 ($144k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.