Acclaim Charter School Inc

Analysis

Acclaim Charter School Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 2000, 26 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, Acclaim Charter School Inc reported income of $4.1m and spending of $3.5m, spending 84% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $3.6m to $4.1m (+13%), an average of +6.4% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Acclaim Charter School Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within AZ. Charities of a similar size with the same main cause include Gardens School of Technology Arts Inc ($4.1m), Ontech Charter High School ($4.1m) and Desarrollos Universitarios Inc ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $410k (12% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $6.3m against liabilities of $4.7m, net assets of $1.7m. It reported 39 employees.