Cambridge Academy-East Inc

Analysis

Cambridge Academy-East Inc is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in October 2002, 24 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, Cambridge Academy-East Inc reported income of $4.4m and spending of $2.9m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $4.4m (+68%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cambridge Academy-East 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 New Mexico Military Institute Foundation Inc ($4.4m), Good Foundations Academy Charter School ($4.4m) and Spring Branch Education Foundation ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $109k (3.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.3m against liabilities of $2.2m, net assets of $1.0m. It reported 67 employees.