Cardinal Academy Incorporated

Analysis

Cardinal Academy Incorporated is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in July 2021, 5 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, Cardinal Academy Incorporated reported income of $1.1m and spending of $1.1m, spending 96% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $1.5m to $1.1m (-26%), an average of -14% a year. The sharpest change came in the year to June 2023, when income dropped by 41%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cardinal Academy Incorporated sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within ID. Charities of a similar size with the same main cause include Associated Builders and Contractors Inc Rio Grande Chapter ($1.1m), Black Teacher Collaborative Incorporated ($1.1m) and Yuma Christian Academy Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $80k (7.4% of expenses). Other salaries and wages came to $563k. At year end it held assets of $823k against liabilities of $599k, net assets of $224k. It reported 15 employees.