Twin Peaks Charter Academy

Analysis

Twin Peaks Charter Academy is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in June 2018, 8 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, Twin Peaks Charter Academy reported income of $12.1m and spending of $12.1m, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $8.1m to $12.1m (+50%), an average of +8.4% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Twin Peaks Charter Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include International Charter School of Atlanta Inc ($12.1m), Aspen View Academy Inc ($12.1m) and Ilead Lancaster ($12.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.5% and program service revenue 95% of the total. Other salaries and wages came to $5.2m. At year end it held assets of $31.2m against liabilities of $36.2m, net assets of -$5.0m. It reported 105 employees.