Compass Academy

Analysis

Compass Academy is a registered charity in United States, based in Baltimore, OH. It received its IRS tax-exemption ruling in August 2022, 4 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 December 2023, Compass Academy reported income of $651k and spending of $568k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $314k to $651k (+107%), an average of +107% a year. The sharpest change came in the year to December 2023, when income rose by 107%. 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, Compass Academy sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Logos Academy ($650k), Compass Academy Network Inc ($651k) and Center for Mindful Learning Inc ($650k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $168k against liabilities of $0, net assets of $168k.